Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
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 AUDNZD
The long term trend has been DOWN since Jul 17th, 2019 at 1.04210
The intermediate term trend has been DOWN since May 3rd, 2019 at 1.05330
The short term trend has been UP since Jul 23rd, 2019 at 1.04367
Smart Scan Analysis for AUDNZD
Based on a pre-defined weighted trend formula for chart analysis, AUDNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).