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.
MarketClub’s Trade Triangles for USDNZD
The long-term trend has been UP since Jun 18th, 2021 at 1.440045
The intermediate-term trend has been UP since Sep 22nd, 2021 at 1.431275
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).