Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

New Zealand Dollar/US Dollar (FOREX:NZDUSD)

Crossroads (+60) - NZDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NZDUSD?

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

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

Open	High	Low	NZDUSD Price	Change
0.599500	0.600975	0.598685	0.599235	-0.000265
Entry Signal

MarketClub’s Trade Triangles for NZDUSD

The long-term trend has been DOWN since Mar 7th, 2023 at 0.613075

The intermediate-term trend has been UP since Sep 28th, 2023 at 0.598885

The short-term trend has been UP since Sep 28th, 2023 at 0.597500

Smart Scan Analysis for NZDUSD

Based on our trend formula, NZDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.599500	0.600975	0.598685	0.599235	-0.000265
Prev. Close	Volume	Bid	Ask	Time
0.599500				2023-10-01 18:33:57

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