Forex Trend Analysis Report
Prepared for you on Saturday, November 28, 2020.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Long-Term Uptrend (+90) - NZDUSD is in a strong uptrend that is likely to continue. While NZDUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been UP since Jun 4th, 2020 at 0.64482
The intermediate-term trend has been UP since Oct 22nd, 2020 at 0.66830
The short-term trend has been UP since Nov 3rd, 2020 at 0.66702
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).