Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Euro/New Zealand Dollar (FOREX:EURNZD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Oct 8th, 2017 at 1.656075
The short term trend has been UP since Nov 10th, 2017 at 1.682035
Smart Scan Analysis for EURNZD
Based on a pre-defined weighted trend formula for chart analysis, EURNZD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).