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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)

Long-Term Uptrend (+90) - NZDAED is in a strong uptrend that is likely to continue. While NZDAED is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid NZDAED?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDAED.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDAED
Open High Low NZDAED Price Change
2.3864071 2.3864071 2.3864071 2.3864071 0.0000000
Entry Signal

MarketClub’s Trade Triangles for NZDAED

long term up The long-term trend has been UP since Dec 1st, 2022 at 2.3239262

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2023 at 2.3524137

short term up The short-term trend has been UP since Jan 13th, 2023 at 2.3511815

Smart Scan Analysis for NZDAED

Based on our trend formula, NZDAED is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3864071 2.3864071 2.3864071 2.3864071 0.0000000
Prev. Close Volume Bid Ask Time
2.3864071 2023-01-28 03:03:13
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