Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 2, 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for NZDJPY
The long-term trend has been UP since May 2nd, 2023 at 85.3295
The intermediate-term trend has been UP since Apr 24th, 2024 at 92.3650
The short-term trend has been DOWN since May 1st, 2024 at 92.2650
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 92.4300 | 92.4900 | 92.0990 | 92.3695 | -0.0605 |
| Prev. Close | Volume | Bid | Ask | Time |
| 92.4300 | 2024-05-02 03:46:56 |