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Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
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MarketClub’s Trade Triangles for AUDNZD
The long term trend has been DOWN since Dec 1st, 2019 at 1.0521399
The intermediate term trend has been DOWN since Jan 7th, 2020 at 1.0367600
The short term trend has been DOWN since Jan 16th, 2020 at 1.0397200
Smart Scan Analysis for AUDNZD
Based on a pre-defined weighted trend formula for chart analysis, AUDNZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0391305 | 1.0397919 | 1.0391305 | 1.0391305 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0391305 | 1.0386657 | 1.0395954 | 2020-01-19 06:11:47 |