Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Long-Term Downtrend (-90) - JPYNZD is in a strong downtrend that is likely to continue. While JPYNZD 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 JPYNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYNZD
The long-term trend has been DOWN since Jun 2nd, 2020 at 0.01469300
The intermediate-term trend has been DOWN since Apr 20th, 2021 at 0.01279900
The short-term trend has been DOWN since Apr 14th, 2021 at 0.01293858
Smart Scan Analysis for JPYNZD
Based on our trend formula, JPYNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).