Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Canadian Dollar/New Zealand Dollar (FOREX:CADNZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CADNZD
The long term trend has been UP since Apr 22nd, 2019 at 1.122245
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1.135750
The short term trend has been DOWN since Jul 10th, 2019 at 1.150360
Smart Scan Analysis for CADNZD
Based on a pre-defined weighted trend formula for chart analysis, CADNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).