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.
MarketClub’s Trade Triangles for NZDTOP
The long term trend has been UP since Dec 4th, 2019 at 1.48955
The intermediate term trend has been UP since Nov 19th, 2019 at 1.48535
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).