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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.

FOREX_USDNZD
Open High Low USDNZD Price Change
1.49904 1.49904 1.49904 1.49904 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDNZD

long term down The long-term trend has been DOWN since Jun 4th, 2020 at 1.5510550

intermediate term down The intermediate-term trend has been DOWN since Oct 22nd, 2020 at 1.4965357

short term down 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).

-100
Smart Scan Analysis for USDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.49904 1.49904 1.49904 1.49904 0.00000
Prev. Close Volume Bid Ask Time
1.49904 2020-10-24 02:18:48
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