Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Long-Term Downtrend (-90) - GBPNZD is in a strong downtrend that is likely to continue. While GBPNZD is showing intraday strength, it remains in the confines of a bearish trend. 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 Sep 29th, 2023 at 2.035205
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 2.058800
The short-term trend has been DOWN since Nov 28th, 2023 at 2.067200
Smart Scan Analysis for GBPNZD
Based on our trend formula, GBPNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).