Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 NZDEUR
The long term trend has been DOWN since Jul 2nd, 2018 at 0.57823
The intermediate term trend has been DOWN since Jun 20th, 2018 at 0.59175
The short term trend has been UP since Jul 17th, 2018 at 0.58110
Smart Scan Analysis for NZDEUR
Based on a pre-defined weighted trend formula for chart analysis, NZDEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).