Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for NZDGBP
The long term trend has been UP since Jun 4th, 2018 at 0.52870
The intermediate term trend has been DOWN since Jun 21st, 2018 at 0.51903
The short term trend has been UP since Jul 17th, 2018 at 0.51431
Smart Scan Analysis for NZDGBP
Based on a pre-defined weighted trend formula for chart analysis, NZDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).