Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
New Zealand Dollar/Euro (FOREX:NZDEUR)
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 NZDEUR
The long term trend has been DOWN since Mar 8th, 2017 at 0.65620
The intermediate term trend has been UP since Dec 10th, 2017 at 0.58515
The short term trend has been UP since Jan 18th, 2018 at 0.59790
Smart Scan Analysis for NZDEUR
Based on a pre-defined weighted trend formula for chart analysis, NZDEUR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).