Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CHFNZD
The long term trend has been UP since May 5th, 2019 at 1.48842
The intermediate term trend has been DOWN since Jul 1st, 2019 at 1.51500
The short term trend has been DOWN since Jul 11th, 2019 at 1.51511
Smart Scan Analysis for CHFNZD
Based on a pre-defined weighted trend formula for chart analysis, CHFNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).