Forex Trend Analysis Report
Prepared for you on Wednesday, October 24, 2018.
Czech Koruna/New Zealand Dollar (FOREX:CZKNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 CZKNZD
The long term trend has been UP since Aug 8th, 2018 at 0.067810
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.067971
The short term trend has been UP since Oct 23rd, 2018 at 0.067843
Smart Scan Analysis for CZKNZD
Based on a pre-defined weighted trend formula for chart analysis, CZKNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).