Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
New Zealand Dollar/ (FOREX:NZDCNH)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NZDCNH
The long term trend has been UP since Nov 6th, 2018 at 4.649915
The intermediate term trend has been DOWN since Dec 13th, 2018 at 4.694700
The short term trend has been DOWN since Jan 16th, 2019 at 4.598605
Smart Scan Analysis for NZDCNH
Based on a pre-defined weighted trend formula for chart analysis, NZDCNH scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).