Analyze Symbol

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.

FOREX_USDNZD
Open High Low USDNZD Price Change
1.5057050 1.5135250 1.5035336 1.5117350 +0.0060300
Entry Signal

MarketClub’s Trade Triangles for USDNZD

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 1.5465850

intermediate term down The intermediate term trend has been DOWN since Oct 17th, 2019 at 1.5754050

short term down 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).

-80
Smart Scan Analysis for USDNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5057050 1.5135250 1.5035336 1.5117350 +0.0060300
Prev. Close Volume Bid Ask Time
1.5057050 1.5115300 1.5119400 2020-01-17 14:48:43
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