Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NZDJPY
The long term trend has been DOWN since Mar 2nd, 2018 at 76.6475
The intermediate term trend has been UP since Apr 9th, 2018 at 78.2205
The short term trend has been DOWN since Apr 17th, 2018 at 78.6600
Smart Scan Analysis for NZDJPY
Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).