Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 INRNZD
The long term trend has been DOWN since Jul 2nd, 2017 at 0.021060
The intermediate term trend has been UP since Oct 8th, 2017 at 0.021625
The short term trend has been UP since Oct 19th, 2017 at 0.021575
Smart Scan Analysis for INRNZD
Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).