Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 NZDUSD
The long term trend has been DOWN since Oct 5th, 2017 at 0.713280
The intermediate term trend has been DOWN since Oct 3rd, 2017 at 0.716695
The short term trend has been DOWN since Oct 18th, 2017 at 0.715005
Smart Scan Analysis for NZDUSD
Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).