Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Euro/New Zealand Dollar (FOREX:EURNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 EURNZD
The long term trend has been UP since Mar 8th, 2017 at 1.523595
The intermediate term trend has been DOWN since May 21st, 2018 at 1.696400
The short term trend has been DOWN since May 23rd, 2018 at 1.689530
Smart Scan Analysis for EURNZD
Based on a pre-defined weighted trend formula for chart analysis, EURNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).