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Forex Trend Analysis Report

Prepared for you on Monday, October 14, 2019.

Swiss Franc/New Zealand Dollar (FOREX:CHFNZD)

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.

FOREX_CHFNZD
Open High Low CHFNZD Price Change
1.582985 1.590360 1.582005 1.590000 +0.007015
Entry Signal

MarketClub’s Trade Triangles for CHFNZD

long term up The long term trend has been UP since May 5th, 2019 at 1.488420

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2019 at 1.579945

short term down The short term trend has been DOWN since Oct 11th, 2019 at 1.589845

Smart Scan Analysis for CHFNZD

Based on a pre-defined weighted trend formula for chart analysis, CHFNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CHFNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.582985 1.590360 1.582005 1.590000 +0.007015
Prev. Close Volume Bid Ask Time
1.582985 1.589660 1.590340 2019-10-14 09:52:38
Want to analyze Swiss Franc/New Zealand Dollar CHFNZD or another symbol? Try our Free Forex Trend Analysis Report.