Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Strong Uptrend (+100) - NZDJPY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDJPY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 May 2nd, 2023 at 85.32950
The intermediate-term trend has been UP since Nov 5th, 2023 at 89.63873
The short-term trend has been UP since Nov 30th, 2023 at 91.21400
Smart Scan Analysis for NZDJPY
Based on our trend formula, NZDJPY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).