Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
New Zealand Dollar/New Taiwan Dollar (FOREX:NZDTWD)
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 NZDTWD
The long term trend has been UP since Dec 8th, 2019 at 20.019000
The intermediate term trend has been DOWN since Jan 9th, 2020 at 19.806632
The short term trend has been DOWN since Jan 2nd, 2020 at 20.142386
Smart Scan Analysis for NZDTWD
Based on a pre-defined weighted trend formula for chart analysis, NZDTWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).