Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
New Zealand Dollar/Chinese Renminbi Yuan (FOREX:NZDCNY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 NZDCNY
The long term trend has been DOWN since Sep 1st, 2017 at 4.70990
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 4.52315
The short term trend has been DOWN since May 23rd, 2018 at 4.39720
Smart Scan Analysis for NZDCNY
Based on a pre-defined weighted trend formula for chart analysis, NZDCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).