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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.

FOREX_GBPNZD
Open High Low GBPNZD Price Change
1.763340 1.766075 1.759600 1.763460 +0.000120
Entry Signal

MarketClub’s Trade Triangles for GBPNZD

long term up The long term trend has been UP since Apr 3rd, 2017 at 1.79380

intermediate term down The intermediate term trend has been DOWN since Jul 26th, 2017 at 1.74210

short term down 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).

-60
Smart Scan Analysis for GBPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.763340 1.766075 1.759600 1.763460 +0.000120
Prev. Close Volume Bid Ask Time
1.763340 1.763250 1.763670 2017-08-17 11:25:32
Want to analyze British Pound/New Zealand Dollar GBPNZD or another symbol? Try our Free Forex Trend Analysis Report.