Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CHFNZD
The long term trend has been UP since Jun 27th, 2018 at 1.482045
The intermediate term trend has been UP since Jun 21st, 2018 at 1.469320
The short term trend has been DOWN since Sep 19th, 2018 at 1.572420
Smart Scan Analysis for CHFNZD
Based on a pre-defined weighted trend formula for chart analysis, CHFNZD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).