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Forex Trend Analysis Report

Prepared for you on Wednesday, October 5, 2022.

New Zealand Dollar/British Pound (FOREX:NZDGBP)

Long-Term Downtrend (-90) - NZDGBP is in a strong downtrend that is likely to continue. While NZDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_NZDGBP
Open High Low NZDGBP Price Change
0.502205 0.507045 0.498700 0.506455 +0.004250
Entry Signal

MarketClub’s Trade Triangles for NZDGBP

long term down The long-term trend has been DOWN since Sep 30th, 2022 at 0.509200

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2022 at 0.515885

short term down The short-term trend has been DOWN since Sep 28th, 2022 at 0.522545

Smart Scan Analysis for NZDGBP

Based on our trend formula, NZDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.502205 0.507045 0.498700 0.506455 +0.004250
Prev. Close Volume Bid Ask Time
0.502205 2022-10-05 15:43:54
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