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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

US Dollar/New Zealand Dollar (FOREX:USDNZD)

Countertrend Up (+85) - USDNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_USDNZD
Open High Low USDNZD Price Change
1.4191800 1.4193600 1.4129900 1.4167427 -0.0024370
Entry Signal

MarketClub’s Trade Triangles for USDNZD

long term up The long-term trend has been UP since Jun 18th, 2021 at 1.440045

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2021 at 1.431275

short term up The short-term trend has been UP since Oct 13th, 2021 at 1.444980

Smart Scan Analysis for USDNZD

Based on our trend formula, USDNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4191800 1.4193600 1.4129900 1.4167427 -0.0024370
Prev. Close Volume Bid Ask Time
1.4191800 2021-10-15 20:06:19
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