Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Sidelines Mode (+55) - NZDAUD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 DOWN since Dec 31st, 2020 at 0.912575
The intermediate-term trend has been UP since Feb 28th, 2021 at 0.939820
The short-term trend has been DOWN since Mar 2nd, 2021 at 0.933720
Smart Scan Analysis for NZDAUD
Based on our trend formula, NZDAUD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).