Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Special drawing rights/New Zealand Dollar (FOREX:XDRNZD)

Sidelines Mode (+50) - XDRNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until XDRNZD can gain momentum.

Is it time to buy, sell, or avoid XDRNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for XDRNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_XDRNZD
Open High Low XDRNZD Price Change
2.1760117 2.1760117 2.1759752 2.1759752 -0.0000370
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term down The long-term trend has been DOWN since Jun 5th, 2024 at 2.1485949

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 2.1689556

short term up The short-term trend has been UP since Jun 26th, 2024 at 2.1585245

Smart Scan Analysis for XDRNZD

Based on our trend formula, XDRNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1760117 2.1760117 2.1759752 2.1759752 -0.0000370
Prev. Close Volume Bid Ask Time
2.1760117 2024-07-15 07:27:36
Get a free daily analysis and signals for Special drawing rights/New Zealand Dollar (XDRNZD) - Request Your Free Report.