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.
MarketClub’s Trade Triangles for NZDCNY
The long term trend has been DOWN since Oct 3rd, 2018 at 4.46350
The intermediate term trend has been UP since Oct 21st, 2018 at 4.57705
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).