Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Long-Term Downtrend (-90) - NZDJPY is in a strong downtrend that is likely to continue. While NZDJPY 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 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 DOWN since Jan 6th, 2023 at 80.70050
The intermediate-term trend has been DOWN since Mar 10th, 2023 at 82.77289
The short-term trend has been DOWN since Mar 15th, 2023 at 82.04500
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).