Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Sidelines Mode (-55) - GBPNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 1.990310
The intermediate-term trend has been UP since Jan 19th, 2021 at 1.913795
The short-term trend has been DOWN since Feb 21st, 2021 at 1.916700
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).