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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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.53255 4.53645 4.53255 4.53570 +0.00315
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term down The long term trend has been DOWN since Sep 1st, 2017 at 4.70990

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2017 at 4.69985

short term up 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).

-75
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.53255 4.53645 4.53255 4.53570 +0.00315
Prev. Close Volume Bid Ask Time
4.53255 4.52990 4.54150 2017-11-23 02:04:49
Want to analyze New Zealand Dollar/Chinese Renminbi Yuan NZDCNY or another symbol? Try our Free Forex Trend Analysis Report.