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Forex Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

New Zealand Dollar/Euro (FOREX:NZDEUR)

Sidelines Mode (-55) - NZDEUR 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 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.

FOREX_NZDEUR
Open High Low NZDEUR Price Change
0.595280 0.601400 0.594140 0.600905 +0.005625
Entry Signal

MarketClub’s Trade Triangles for NZDEUR

long term down The long-term trend has been DOWN since Jun 15th, 2022 at 0.59377

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2022 at 0.59910

short term up The short-term trend has been UP since Jul 5th, 2022 at 0.59850

Smart Scan Analysis for NZDEUR

Based on our trend formula, NZDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NZDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.595280 0.601400 0.594140 0.600905 +0.005625
Prev. Close Volume Bid Ask Time
0.595280 2022-07-05 17:34:50
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