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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Sidelines Mode (+55) - NZDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been UP since Aug 20th, 2024 at 0.622100
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.614500
The short-term trend has been UP since Nov 3rd, 2024 at 0.600185
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.598040 | 0.600300 | 0.597700 | 0.599995 | +0.001955 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.598040 | 2024-11-05 06:27:02 |