Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
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 Jan 22nd, 2018 at 81.4890
The intermediate term trend has been UP since Dec 10th, 2017 at 77.8030
The short term trend has been UP since Jan 18th, 2018 at 81.1775
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).