Forex Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Long-Term Uptrend (+90) - NZDJPY is in a strong uptrend that is likely to continue. While NZDJPY 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 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.
MarketClub’s Trade Triangles for NZDJPY
The long-term trend has been UP since Jun 2nd, 2020 at 68.0640
The intermediate-term trend has been UP since May 20th, 2020 at 66.0335
The short-term trend has been UP since Jun 22nd, 2020 at 69.1705
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).