Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Bear Market Rally (-75) - NZDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NZDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDGBP
The long-term trend has been DOWN since Sep 13th, 2019 at 0.51500
The intermediate-term trend has been UP since Mar 15th, 2020 at 0.49440
The short-term trend has been DOWN since Mar 27th, 2020 at 0.48739
Smart Scan Analysis for NZDGBP
Based on our trend formula, NZDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).