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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

New Zealand Dollar/Special drawing rights (FOREX:NZDXDR)

Strong Downtrend (-100) - NZDXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDXDR continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_NZDXDR
Open High Low NZDXDR Price Change
0.45168801 0.45168801 0.45121276 0.45121276 -0.00047500
Entry Signal

MarketClub’s Trade Triangles for NZDXDR

long term down The long-term trend has been DOWN since Mar 20th, 2024 at 0.45411889

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.45864746

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.45957193

Smart Scan Analysis for NZDXDR

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

-100
Smart Scan Analysis for NZDXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45168801 0.45168801 0.45121276 0.45121276 -0.00047500
Prev. Close Volume Bid Ask Time
0.45168801 2024-03-29 03:30:07
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