Forex Trend Analysis Report
Prepared for you on Saturday, October 24, 2020.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Strong Downtrend (-100) - USDNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNZD
The long-term trend has been DOWN since Jun 4th, 2020 at 1.5510550
The intermediate-term trend has been DOWN since Oct 22nd, 2020 at 1.4965357
The short-term trend has been DOWN since Oct 21st, 2020 at 1.5047350
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).