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Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

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.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
1.925235 1.925500 1.923900 1.924625 -0.000610
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long-term trend has been DOWN since Sep 1st, 2021 at 1.947245

intermediate term down The intermediate-term trend has been DOWN since Oct 17th, 2021 at 1.938000

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 1.963600

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).

-100
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.925235 1.925500 1.923900 1.924625 -0.000610
Prev. Close Volume Bid Ask Time
1.925235 2021-10-20 00:37:54
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