Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Weak Uptrend (+65) - GBPNZD is showing signs of weakening momentum to the upside. Monitor GBPNZD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPNZD
The long-term trend has been UP since Mar 8th, 2021 at 1.941805
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 1.926000
The short-term trend has been UP since Apr 19th, 2021 at 1.942850
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).