Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 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 Jul 2nd, 2018 at 1.729335
The intermediate term trend has been DOWN since Oct 19th, 2018 at 1.748200
The short term trend has been DOWN since Oct 9th, 2018 at 1.777390
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).