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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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_NZDTOP
Open High Low NZDTOP Price Change
1.5233 1.5233 1.5233 1.5233 0.0000
Entry Signal

MarketClub’s Trade Triangles for NZDTOP

long term up The long term trend has been UP since Dec 4th, 2019 at 1.48955

intermediate term up The intermediate term trend has been UP since Nov 19th, 2019 at 1.48535

short term down The short term trend has been DOWN since Jan 7th, 2020 at 1.52595

Smart Scan Analysis for NZDTOP

Based on a pre-defined weighted trend formula for chart analysis, NZDTOP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for NZDTOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5233 1.5233 1.5233 1.5233 0.0000
Prev. Close Volume Bid Ask Time
1.5248 1.4834 1.5632 2020-01-14 01:02:17
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