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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Long-Term Downtrend (-90) - NZDAED is in a strong downtrend that is likely to continue. While NZDAED 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 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.
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MarketClub’s Trade Triangles for NZDAED
The long-term trend has been DOWN since Nov 13th, 2024 at 2.1701883
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 2.2584557
The short-term trend has been DOWN since Nov 22nd, 2024 at 2.1462938
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.1410845 | 2.1485513 | 2.1403506 | 2.1413410 | +0.0002570 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.1410845 | 2024-11-22 04:29:48 |