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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.

FOREX_NZDAUD
Open High Low NZDAUD Price Change
0.9563300 0.9591400 0.9557152 0.9588800 +0.0025500
Entry Signal

MarketClub’s Trade Triangles for NZDAUD

long term up The long-term trend has been UP since Dec 1st, 2019 at 0.950255

intermediate term down The intermediate-term trend has been DOWN since Feb 9th, 2020 at 0.957675

short term down 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).

+60
Smart Scan Analysis for NZDAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9563300 0.9591400 0.9557152 0.9588800 +0.0025500
Prev. Close Volume Bid Ask Time
0.9563300 0.9586800 0.9590800 2020-02-28 06:52:32
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