Forex Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 UP since Jun 26th, 2017 at 81.4815
The intermediate term trend has been UP since May 2nd, 2017 at 77.9445
The short term trend has been UP since Jul 20th, 2017 at 82.7050
Smart Scan Analysis for NZDJPY
Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).