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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.

FOREX_XDRNZD
Open High Low XDRNZD Price Change
2.0204401 2.0204401 2.0204401 2.0204401 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term down The long-term trend has been DOWN since Oct 26th, 2021 at 1.9939607

intermediate term up The intermediate-term trend has been UP since Nov 10th, 2021 at 1.9762340

short term up 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).

+50
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0204401 2.0204401 2.0204401 2.0204401 0.0000000
Prev. Close Volume Bid Ask Time
2.0204401 2021-11-24 07:23:56
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