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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Indian Rupee/New Zealand Dollar (FOREX:INRNZD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.

FOREX_INRNZD
Open High Low INRNZD Price Change
0.020698 0.020763 0.020614 0.020763 +0.000065
Entry Signal

MarketClub’s Trade Triangles for INRNZD

long term down The long term trend has been DOWN since Sep 17th, 2018 at 0.020935

intermediate term down The intermediate term trend has been DOWN since Aug 26th, 2018 at 0.021331

short term down The short term trend has been DOWN since Oct 9th, 2018 at 0.020839

Smart Scan Analysis for INRNZD

Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.020698 0.020763 0.020614 0.020763 +0.000065
Prev. Close Volume Bid Ask Time
0.020698 0.020760 0.020766 2018-10-17 15:58:12
Want to analyze Indian Rupee/New Zealand Dollar INRNZD or another symbol? Try our Free Forex Trend Analysis Report.