Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Long-Term Uptrend (+90) - NZDEUR is in a strong uptrend that is likely to continue. While NZDEUR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Sep 3rd, 2021 at 0.600915
The intermediate-term trend has been UP since Oct 14th, 2021 at 0.604035
The short-term trend has been UP since Oct 4th, 2021 at 0.599400
Smart Scan Analysis for NZDEUR
Based on our trend formula, NZDEUR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).