Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
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.
MarketClub’s Trade Triangles for INRNZD
The long term trend has been DOWN since Jan 24th, 2018 at 0.021155
The intermediate term trend has been DOWN since Dec 12th, 2017 at 0.022330
The short term trend has been DOWN since Feb 12th, 2018 at 0.021425
Smart Scan Analysis for INRNZD
Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).