Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 0.680940
The intermediate term trend has been UP since Jan 15th, 2019 at 0.684400
The short term trend has been DOWN since Jan 16th, 2019 at 0.679805
Smart Scan Analysis for NZDUSD
Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).