Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 GBPNZD
The long term trend has been UP since Apr 3rd, 2017 at 1.79380
The intermediate term trend has been DOWN since Jul 26th, 2017 at 1.74210
The short term trend has been DOWN since Aug 14th, 2017 at 1.77481
Smart Scan Analysis for GBPNZD
Based on a pre-defined weighted trend formula for chart analysis, GBPNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).