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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.

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FOREX_JPYNZD
Open High Low JPYNZD Price Change
0.01366788 0.01366788 0.01366788 0.01366788 0.00000000
Entry Signal

MarketClub’s Trade Triangles for JPYNZD

long term down The long-term trend has been DOWN since Jun 2nd, 2020 at 0.014693

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.014207

short term down 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).

-90
Smart Scan Analysis for JPYNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01366788 0.01366788 0.01366788 0.01366788 0.00000000
Prev. Close Volume Bid Ask Time
0.01366788 2020-11-28 02:55:32
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