Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
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 1.551055
The intermediate-term trend has been DOWN since Apr 19th, 2021 at 1.392685
The short-term trend has been DOWN since Apr 13th, 2021 at 1.416610
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).