Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
New Zealand Dollar/Czech Koruna (FOREX:NZDCZK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 NZDCZK
The long term trend has been UP since Nov 1st, 2018 at 15.0060
The intermediate term trend has been DOWN since Dec 13th, 2018 at 15.4445
The short term trend has been DOWN since Jan 16th, 2019 at 15.1425
Smart Scan Analysis for NZDCZK
Based on a pre-defined weighted trend formula for chart analysis, NZDCZK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).