Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Special Drawing Right/New Zealand Dollar (FOREX:SDRNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SDRNZD
The long term trend has been DOWN since Dec 3rd, 2019 at 2.1340903
The intermediate term trend has been DOWN since Nov 19th, 2019 at 2.1429826
The short term trend has been UP since Jan 2nd, 2020 at 2.0519027
Smart Scan Analysis for SDRNZD
Based on a pre-defined weighted trend formula for chart analysis, SDRNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).