Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 NZDAUD
The long term trend has been DOWN since May 17th, 2018 at 0.914545
The intermediate term trend has been UP since Jun 13th, 2018 at 0.927815
The short term trend has been DOWN since Jun 20th, 2018 at 0.930405
Smart Scan Analysis for NZDAUD
Based on a pre-defined weighted trend formula for chart analysis, NZDAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).