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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

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

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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_TOPNZD
Open High Low TOPNZD Price Change
0.6580 0.6580 0.6580 0.6580 0.0000
Entry Signal

MarketClub’s Trade Triangles for TOPNZD

long term down The long term trend has been DOWN since Dec 4th, 2019 at 0.67175

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2019 at 0.67365

short term up The short term trend has been UP since Jan 7th, 2020 at 0.65575

Smart Scan Analysis for TOPNZD

Based on a pre-defined weighted trend formula for chart analysis, TOPNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for TOPNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6580 0.6580 0.6580 0.6580 0.0000
Prev. Close Volume Bid Ask Time
0.6586 0.6408 0.6752 2020-01-20 23:13:29
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