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.
MarketClub’s Trade Triangles for CHFNZD
The long term trend has been DOWN since Dec 1st, 2019 at 1.5525949
The intermediate term trend has been UP since Jan 7th, 2020 at 1.5556700
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).