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Forex Trend Analysis Report

Prepared for you on Tuesday, November 20, 2018.

British Pound/New Zealand Dollar (FOREX:GBPNZD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
1.877500 1.886200 1.869675 1.883215 +0.005715
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term down The long term trend has been DOWN since Nov 12th, 2018 at 1.907080

intermediate term down The intermediate term trend has been DOWN since Oct 25th, 2018 at 1.964700

short term down The short term trend has been DOWN since Nov 6th, 2018 at 1.944375

Smart Scan Analysis for GBPNZD

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

-100
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.877500 1.886200 1.869675 1.883215 +0.005715
Prev. Close Volume Bid Ask Time
1.877500 1.882850 1.883580 2018-11-20 21:16:53
Want to analyze British Pound/New Zealand Dollar GBPNZD or another symbol? Try our Free Forex Trend Analysis Report.