Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 JPYNZD
The long term trend has been DOWN since Dec 1st, 2019 at 0.01417700
The intermediate term trend has been UP since Jan 5th, 2020 at 0.01394200
The short term trend has been UP since Jan 20th, 2020 at 0.01374059
Smart Scan Analysis for JPYNZD
Based on a pre-defined weighted trend formula for chart analysis, JPYNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).