Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jul 29th, 2018 at 75.1900
The short term trend has been UP since Sep 12th, 2018 at 72.9475
Smart Scan Analysis for NZDJPY
Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).