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Forex Trend Analysis Report

Prepared for you on Tuesday, May 26, 2020.

British Pound/New Zealand Dollar (FOREX:GBPNZD)

Strong Downtrend (-100) - GBPNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
1.992350 1.996945 1.988600 1.988680 -0.003670
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long-term trend has been DOWN since May 20th, 2020 at 1.99031

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2020 at 2.02310

short term down The short-term trend has been DOWN since May 18th, 2020 at 2.03140

Smart Scan Analysis for GBPNZD

Based on our trend formula, GBPNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.992350 1.996945 1.988600 1.988680 -0.003670
Prev. Close Volume Bid Ask Time
1.992350 1.988380 1.988980 2020-05-26 09:49:39
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