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.
MarketClub’s Trade Triangles for GBPNZD
The long-term trend has been DOWN since May 20th, 2020 at 1.99031
The intermediate-term trend has been DOWN since Mar 15th, 2020 at 2.02310
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).