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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)

Countertrend Up (+85) - NZDJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_NZDJPY
Open High Low NZDJPY Price Change
95.9480 95.9745 95.6425 95.8515 -0.0965
Entry Signal

MarketClub’s Trade Triangles for NZDJPY

long term up The long-term trend has been UP since May 2nd, 2023 at 85.3295

intermediate term up The intermediate-term trend has been UP since Apr 24th, 2024 at 92.3650

short term down The short-term trend has been DOWN since May 21st, 2024 at 95.0700

Smart Scan Analysis for NZDJPY

Based on our trend formula, NZDJPY is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NZDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
95.9480 95.9745 95.6425 95.8515 -0.0965
Prev. Close Volume Bid Ask Time
95.9480 2024-05-23 04:29:04
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