Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 NZDUSD
The long term trend has been UP since Jan 10th, 2018 at 0.7228
The intermediate term trend has been UP since Apr 9th, 2018 at 0.7323
The short term trend has been DOWN since Apr 16th, 2018 at 0.7346
Smart Scan Analysis for NZDUSD
Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).