Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NZDAED
The long term trend has been UP since Dec 2nd, 2019 at 2.3733911
The intermediate term trend has been DOWN since Jan 20th, 2020 at 2.4259254
The short term trend has been DOWN since Jan 20th, 2020 at 2.4259945
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).