Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
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 CHFNZD
The long term trend has been DOWN since Jan 11th, 2018 at 1.41285
The intermediate term trend has been DOWN since Dec 10th, 2017 at 1.46398
The short term trend has been UP since Jan 14th, 2018 at 1.42485
Smart Scan Analysis for CHFNZD
Based on a pre-defined weighted trend formula for chart analysis, CHFNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).