Forex Trend Analysis Report
Prepared for you on Friday, December 3, 2021.
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.
MarketClub’s Trade Triangles for XDRNZD
The long-term trend has been DOWN since Oct 26th, 2021 at 1.9939607
The intermediate-term trend has been UP since Nov 10th, 2021 at 1.9762340
The short-term trend has been UP since Nov 10th, 2021 at 1.9762340
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).