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Forex Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Bear Market Rally (-75) - NZDJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDJPY as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NZDJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NZDJPY
The long-term trend has been DOWN since Jul 25th, 2024 at 89.960
The intermediate-term trend has been DOWN since Nov 8th, 2024 at 90.074
The short-term trend has been DOWN since Dec 18th, 2024 at 88.020
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 88.50327 | 88.52638 | 88.48313 | 88.48313 | -0.02014 |
| Prev. Close | Volume | Bid | Ask | Time |
| 88.50327 | 2024-12-21 08:20:44 |