Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/New Zealand Dollar (FOREX:USDNZD)
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 USDNZD
The long term trend has been DOWN since Dec 2nd, 2019 at 1.546585
The intermediate term trend has been UP since Jan 20th, 2020 at 1.515105
The short term trend has been DOWN since Feb 11th, 2020 at 1.558240
Smart Scan Analysis for USDNZD
Based on a pre-defined weighted trend formula for chart analysis, USDNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).