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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.

FOREX_INRNZD
Open High Low INRNZD Price Change
0.021535 0.021905 0.021525 0.021900 +0.000365
Entry Signal

MarketClub’s Trade Triangles for INRNZD

long term down The long term trend has been DOWN since Jul 2nd, 2017 at 0.021060

intermediate term up The intermediate term trend has been UP since Oct 8th, 2017 at 0.021625

short term up 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).

+70
Smart Scan Analysis for INRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.021535 0.021905 0.021525 0.021900 +0.000365
Prev. Close Volume Bid Ask Time
0.021535 0.021890 0.021910 2017-10-19 10:00:04
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