Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Countertrend Up (+85) - NZDEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NZDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDEUR
The long-term trend has been UP since Jun 2nd, 2020 at 0.56836
The intermediate-term trend has been UP since Oct 27th, 2020 at 0.56880
The short-term trend has been DOWN since Nov 30th, 2020 at 0.58650
Smart Scan Analysis for NZDEUR
Based on our trend formula, NZDEUR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).