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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

New Zealand Dollar/US Dollar (FOREX:NZDUSD)

Weak Downtrend (-65) - NZDUSD is showing signs of a strengthening downtrend. Monitor NZDUSD as it may be building momentum to the downside.

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.

FOREX_NZDUSD
Open High Low NZDUSD Price Change
0.588615 0.590550 0.588400 0.588800 +0.000185
Entry Signal

MarketClub’s Trade Triangles for NZDUSD

long term up The long-term trend has been UP since Jun 12th, 2024 at 0.62160

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2024 at 0.60973

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 0.61130

Smart Scan Analysis for NZDUSD

Based on our trend formula, NZDUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.588615 0.590550 0.588400 0.588800 +0.000185
Prev. Close Volume Bid Ask Time
0.588615 2024-07-26 19:54:40
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