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.
MarketClub’s Trade Triangles for EURNZD
The long term trend has been DOWN since Nov 1st, 2018 at 1.71243
The intermediate term trend has been DOWN since Oct 19th, 2018 at 1.74820
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).