Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Sep 4th, 2018 at 0.509685
The intermediate term trend has been DOWN since Aug 12th, 2018 at 0.513900
The short term trend has been UP since Sep 18th, 2018 at 0.502615
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).