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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

New Zealand Dollar/Chinese Renminbi Yuan (FOREX:NZDCNY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_NZDCNY
Open High Low NZDCNY Price Change
4.55280 4.57720 4.54665 4.55125 -0.00155
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long term trend has been DOWN since Oct 3rd, 2018 at 4.46350

intermediate term up The intermediate term trend has been UP since Oct 21st, 2018 at 4.57705

short term up The short term trend has been UP since Oct 8th, 2018 at 4.46940

Smart Scan Analysis for NZDCNY

Based on a pre-defined weighted trend formula for chart analysis, NZDCNY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.55280 4.57720 4.54665 4.55125 -0.00155
Prev. Close Volume Bid Ask Time
4.55280 4.55000 4.55250 2018-10-22 14:30:14
Want to analyze New Zealand Dollar/Chinese Renminbi Yuan NZDCNY or another symbol? Try our Free Forex Trend Analysis Report.