Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
New Zealand Dollar/Chinese Renminbi Yuan (FOREX:NZDCNY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 Oct 8th, 2017 at 4.69985
The short term trend has been UP since Nov 22nd, 2017 at 4.54890
Smart Scan Analysis for NZDCNY
Based on a pre-defined weighted trend formula for chart analysis, NZDCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).