Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Jun 4th, 2018 at 1.89160
The intermediate term trend has been UP since Jun 20th, 2018 at 1.92552
The short term trend has been UP since Jul 11th, 2018 at 1.95280
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).