Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NZDUSD
The long term trend has been UP since Nov 15th, 2018 at 0.68094
The intermediate term trend has been UP since Nov 1st, 2018 at 0.66190
The short term trend has been DOWN since Dec 12th, 2018 at 0.68413
Smart Scan Analysis for NZDUSD
Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).