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.
MarketClub’s Trade Triangles for NZDAED
The long-term trend has been UP since Dec 1st, 2022 at 2.3239262
The intermediate-term trend has been UP since Jan 13th, 2023 at 2.3524137
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).