Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
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 NZDJPY
The long term trend has been DOWN since Mar 5th, 2017 at 80.1535
The intermediate term trend has been DOWN since Feb 8th, 2017 at 80.7835
The short term trend has been DOWN since Mar 21st, 2017 at 78.8740
Smart Scan Analysis for NZDJPY
Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).