Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 8th, 2018 at 0.57690
The short term trend has been DOWN since Sep 24th, 2018 at 0.56635
Smart Scan Analysis for NZDEUR
Based on a pre-defined weighted trend formula for chart analysis, NZDEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).