Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 USDNZD
The long term trend has been DOWN since Jan 10th, 2018 at 1.383500
The intermediate term trend has been DOWN since Dec 12th, 2017 at 1.439905
The short term trend has been DOWN since Jan 10th, 2018 at 1.389585
Smart Scan Analysis for USDNZD
Based on a pre-defined weighted trend formula for chart analysis, USDNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).