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Forex Trend Analysis Report

Prepared for you on Tuesday, December 11, 2018.

Euro/New Zealand Dollar (FOREX:EURNZD)

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.

FOREX_EURNZD
Open High Low EURNZD Price Change
1.651485 1.658090 1.651270 1.655320 +0.003835
Entry Signal

MarketClub’s Trade Triangles for EURNZD

long term down The long term trend has been DOWN since Nov 1st, 2018 at 1.71243

intermediate term down The intermediate term trend has been DOWN since Oct 19th, 2018 at 1.74820

short term up The short term trend has been UP since Dec 5th, 2018 at 1.64620

Smart Scan Analysis for EURNZD

Based on a pre-defined weighted trend formula for chart analysis, EURNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for EURNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.651485 1.658090 1.651270 1.655320 +0.003835
Prev. Close Volume Bid Ask Time
1.651485 1.655030 1.655610 2018-12-11 08:04:57
Want to analyze Euro/New Zealand Dollar EURNZD or another symbol? Try our Free Forex Trend Analysis Report.