Forex Trend Analysis Report
Prepared for you on Wednesday, August 15, 2018.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Jun 21st, 2018 at 0.021485
The intermediate term trend has been UP since Jun 20th, 2018 at 0.021415
The short term trend has been DOWN since Aug 13th, 2018 at 0.021827
Smart Scan Analysis for INRNZD
Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).