Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Apr 26th, 2018 at 1.41695
The intermediate term trend has been UP since Jun 19th, 2018 at 1.45237
The short term trend has been DOWN since Aug 17th, 2018 at 1.51307
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).