Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Countertrend Up (+85) - NZDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for NZDUSD
The long-term trend has been UP since Jun 4th, 2020 at 0.644820
The intermediate-term trend has been UP since Jan 5th, 2021 at 0.724115
The short-term trend has been DOWN since Feb 26th, 2021 at 0.730725
Smart Scan Analysis for NZDUSD
Based on our trend formula, NZDUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).