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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_CHFNZD
Open High Low CHFNZD Price Change
1.564840 1.565385 1.558435 1.559955 -0.004885
Entry Signal

MarketClub’s Trade Triangles for CHFNZD

long term down The long term trend has been DOWN since Dec 1st, 2019 at 1.5525949

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 1.5556700

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 1.5589000

Smart Scan Analysis for CHFNZD

Based on a pre-defined weighted trend formula for chart analysis, CHFNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CHFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.564840 1.565385 1.558435 1.559955 -0.004885
Prev. Close Volume Bid Ask Time
1.564840 1.559660 1.560250 2020-01-22 08:42:01
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