Forex Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Crossroads (+60) - NZDAUD 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 NZDAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDAUD
The long-term trend has been UP since Dec 1st, 2019 at 0.950255
The intermediate-term trend has been DOWN since Feb 9th, 2020 at 0.957675
The short-term trend has been DOWN since Feb 27th, 2020 at 0.956185
Smart Scan Analysis for NZDAUD
Based on our trend formula, NZDAUD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).