Future Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
NEW ZEALAND $ Dec 2018 (E) (CME:6N.Z18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for 6N.Z18.E
The long term trend has been DOWN since Apr 25th, 2018 at 0.7086
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.6723
The short term trend has been DOWN since Oct 19th, 2018 at 0.6537
Smart Scan Analysis for 6N.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, 6N.Z18.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||0.74||Contract High Date||2018-02-20|
|Contract Low||0.6428||Contract Low Date||2018-10-07|
|Estimated Volume||26210||First Delivery||2018-12-19|