Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Australian Dollar/New Zealand Dollar (FOREX:AUDNZD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Oct 15th, 2018 at 1.0837
The intermediate term trend has been DOWN since Jan 28th, 2019 at 1.0470
The short term trend has been DOWN since Feb 12th, 2019 at 1.0473
Smart Scan Analysis for AUDNZD
Based on a pre-defined weighted trend formula for chart analysis, AUDNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).