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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.

FOREX_NZDCNH
Open High Low NZDCNH Price Change
4.587560 4.597845 4.580575 4.594720 +0.007160
Entry Signal

MarketClub’s Trade Triangles for NZDCNH

long term up The long term trend has been UP since Nov 6th, 2018 at 4.649915

intermediate term down The intermediate term trend has been DOWN since Dec 13th, 2018 at 4.694700

short term down 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).

-60
Smart Scan Analysis for NZDCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.587560 4.597845 4.580575 4.594720 +0.007160
Prev. Close Volume Bid Ask Time
4.587560 4.593700 4.595740 2019-01-18 12:28:54
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