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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

New Zealand Dollar/US Dollar (FOREX:NZDUSD)

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.

FOREX_NZDUSD
Open High Low NZDUSD Price Change
0.66214 0.66250 0.65910 0.66030 -0.00184
Entry Signal

MarketClub’s Trade Triangles for NZDUSD

long term up The long term trend has been UP since Dec 2nd, 2019 at 0.6466

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.6599

short term down The short term trend has been DOWN since Jan 20th, 2020 at 0.6607

Smart Scan Analysis for NZDUSD

Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NZDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66214 0.66250 0.65910 0.66030 -0.00184
Prev. Close Volume Bid Ask Time
0.66214 0.66000 0.66060 2020-01-20 13:48:08
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