Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CADNZD
The long term trend has been DOWN since Nov 7th, 2018 at 1.12782
The intermediate term trend has been DOWN since Oct 21st, 2018 at 1.15522
The short term trend has been UP since Nov 12th, 2018 at 1.12761
Smart Scan Analysis for CADNZD
Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).