Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Oct 7th, 2018 at 0.013687
The short term trend has been DOWN since Oct 15th, 2018 at 0.013637
Smart Scan Analysis for JPYNZD
Based on a pre-defined weighted trend formula for chart analysis, JPYNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).