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.
MarketClub’s Trade Triangles for TOPNZD
The long term trend has been DOWN since Dec 4th, 2019 at 0.67175
The intermediate term trend has been DOWN since Nov 18th, 2019 at 0.67365
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).