Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Sidelines Mode (+50) - NZDTOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until NZDTOP can gain momentum.
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.
MarketClub’s Trade Triangles for NZDTOP
The long-term trend has been DOWN since Jun 14th, 2021 at 1.60260
The intermediate-term trend has been UP since Oct 18th, 2021 at 1.58795
The short-term trend has been UP since Oct 14th, 2021 at 1.57315
Smart Scan Analysis for NZDTOP
Based on our trend formula, NZDTOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).