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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

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

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_NZDCNY
Open High Low NZDCNY Price Change
4.57300 4.59675 4.55705 4.58410 +0.01110
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long term trend has been UP since Nov 6th, 2018 at 4.64870

intermediate term down The intermediate term trend has been DOWN since Dec 13th, 2018 at 4.68680

short term down The short term trend has been DOWN since Jan 16th, 2019 at 4.59665

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
4.57300 4.59675 4.55705 4.58410 +0.01110
Prev. Close Volume Bid Ask Time
4.57300 4.57820 4.59000 2019-01-17 20:16:22
Want to analyze New Zealand Dollar/Chinese Renminbi Yuan NZDCNY or another symbol? Try our Free Forex Trend Analysis Report.