Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Weak Downtrend (-65) - USDNZD is showing signs of a strengthening downtrend. Monitor USDNZD as it may be building momentum to the downside.
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 Mar 7th, 2023 at 1.630940
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 1.593460
The short-term trend has been DOWN since Mar 28th, 2023 at 1.602215
Smart Scan Analysis for USDNZD
Based on our trend formula, USDNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).