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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

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

Weak Uptrend (+65) - XDRNZD is showing signs of weakening momentum to the upside. Monitor XDRNZD as it may be in the beginning stages of a reversal.

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
2.2027326 2.2027326 2.2027326 2.2027326 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRNZD

long term up The long-term trend has been UP since Jul 26th, 2024 at 2.2371758

intermediate term up The intermediate-term trend has been UP since Oct 9th, 2024 at 2.1805168

short term down The short-term trend has been DOWN since Oct 15th, 2024 at 2.2079963

Smart Scan Analysis for XDRNZD

Based on our trend formula, XDRNZD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for XDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2027326 2.2027326 2.2027326 2.2027326 0.0000000
Prev. Close Volume Bid Ask Time
2.2106208 2024-10-22 21:06:13
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