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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

New Zealand Dollar/ (FOREX:NZDLFX)

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.

Open High Low NZDLFX Price Change
1.3208 1.3238 1.3192 1.3236 +0.0028
Entry Signal

MarketClub’s Trade Triangles for NZDLFX

long term down The long term trend has been DOWN since Apr 25th, 2018 at 1.3807

intermediate term down The intermediate term trend has been DOWN since Oct 5th, 2018 at 1.3077

short term up The short term trend has been UP since Oct 9th, 2018 at 1.3084

Smart Scan Analysis for NZDLFX

Based on a pre-defined weighted trend formula for chart analysis, NZDLFX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NZDLFX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3208 1.3238 1.3192 1.3236 +0.0028
Prev. Close Volume Bid Ask Time
1.3208 1.3231 1.3241 2018-10-16 13:19:41
Want to analyze New Zealand Dollar/ NZDLFX or another symbol? Try our Free Forex Trend Analysis Report.