Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Bear Market Rally (-75) - NZDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NZDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been DOWN since Mar 19th, 2024 at 0.603835
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.606900
The short-term trend has been UP since Apr 23rd, 2024 at 0.592900
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.594125 | 0.594800 | 0.592445 | 0.593455 | -0.000670 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.594125 | 2024-04-24 09:57:09 |