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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.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
1.92587 1.92587 1.92587 1.92587 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long-term trend has been DOWN since May 20th, 2020 at 1.990310

intermediate term up The intermediate-term trend has been UP since Jan 19th, 2021 at 1.913795

short term down 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).

-55
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.92587 1.92587 1.92587 1.92587 0.00000
Prev. Close Volume Bid Ask Time
1.92587 2021-02-28 04:51:17
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