Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 USDNZD
The long term trend has been DOWN since Jan 10th, 2018 at 1.383500
The intermediate term trend has been DOWN since Apr 9th, 2018 at 1.365685
The short term trend has been UP since Apr 16th, 2018 at 1.361325
Smart Scan Analysis for USDNZD
Based on a pre-defined weighted trend formula for chart analysis, USDNZD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).