Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 JPYNZD
The long term trend has been UP since Mar 2nd, 2018 at 0.013049
The intermediate term trend has been DOWN since Jun 6th, 2018 at 0.012904
The short term trend has been UP since Jun 14th, 2018 at 0.012975
Smart Scan Analysis for JPYNZD
Based on a pre-defined weighted trend formula for chart analysis, JPYNZD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).