Forex Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Bear Market Rally (-75) - NZDTOP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDTOP as it may be in the beginning of a reversal.
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 Mar 24th, 2021 at 1.61320
The intermediate-term trend has been DOWN since Mar 3rd, 2021 at 1.65845
The short-term trend has been UP since Apr 7th, 2021 at 1.60550
Smart Scan Analysis for NZDTOP
Based on our trend formula, NZDTOP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).