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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)

Crossroads (+60) - JPYNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_JPYNZD
Open High Low JPYNZD Price Change
0.01100688 0.01104400 0.01099000 0.01102500 +0.00001800
Entry Signal

MarketClub’s Trade Triangles for JPYNZD

long term down The long-term trend has been DOWN since May 2nd, 2023 at 0.011729

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 0.011005

short term up The short-term trend has been UP since Mar 15th, 2024 at 0.011052

Smart Scan Analysis for JPYNZD

Based on our trend formula, JPYNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for JPYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01100688 0.01104400 0.01099000 0.01102500 +0.00001800
Prev. Close Volume Bid Ask Time
0.01100688 2024-03-18 22:26:28
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