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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_NZDJPY
Open High Low NZDJPY Price Change
71.3505 71.3590 71.0900 71.0955 -0.2550
Entry Signal

MarketClub’s Trade Triangles for NZDJPY

long term up The long term trend has been UP since Dec 1st, 2019 at 70.5300

intermediate term down The intermediate term trend has been DOWN since Jan 5th, 2020 at 71.7300

short term down The short term trend has been DOWN since Jan 20th, 2020 at 72.7525

Smart Scan Analysis for NZDJPY

Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for NZDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.3505 71.3590 71.0900 71.0955 -0.2550
Prev. Close Volume Bid Ask Time
71.3505 71.0910 71.1000 2020-01-29 06:14:57
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