Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
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 USDNZD
The long term trend has been DOWN since Dec 2nd, 2019 at 1.5465850
The intermediate term trend has been DOWN since Oct 17th, 2019 at 1.5754050
The short term trend has been DOWN since Jan 16th, 2020 at 1.5055709
Smart Scan Analysis for USDNZD
Based on a pre-defined weighted trend formula for chart analysis, USDNZD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).