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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)

Long-Term Downtrend (-90) - NZDTOP is in a strong downtrend that is likely to continue. While NZDTOP 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 NZDTOP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDTOP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDTOP
Open High Low NZDTOP Price Change
1.54925 1.54925 1.54925 1.54925 0.00000
Entry Signal

MarketClub’s Trade Triangles for NZDTOP

long term down The long-term trend has been DOWN since Nov 30th, 2021 at 1.56505

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 1.54735

short term down The short-term trend has been DOWN since Jan 3rd, 2022 at 1.55205

Smart Scan Analysis for NZDTOP

Based on our trend formula, NZDTOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NZDTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.54925 1.54925 1.54925 1.54925 0.00000
Prev. Close Volume Bid Ask Time
1.54925 1.59050 1.50800 2022-01-11 23:31:45
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