Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CADNZD
The long term trend has been UP since Aug 16th, 2017 at 1.084645
The intermediate term trend has been UP since Jun 28th, 2017 at 1.049165
The short term trend has been DOWN since Sep 12th, 2017 at 1.128900
Smart Scan Analysis for CADNZD
Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).