Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
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 0.014693
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.014207
The short-term trend has been DOWN since Nov 20th, 2020 at 0.013859
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).