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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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.41685 4.42985 4.41685 4.42835 +0.01150
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 Apr 23rd, 2018 at 4.52315

short term down 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).

-70
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.41685 4.42985 4.41685 4.42835 +0.01150
Prev. Close Volume Bid Ask Time
4.41685 4.42240 4.43430 2018-05-24 02:03:13
Want to analyze New Zealand Dollar/Chinese Renminbi Yuan NZDCNY or another symbol? Try our Free Forex Trend Analysis Report.