Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CNYNZD
The long term trend has been UP since Aug 25th, 2019 at 0.225185
The intermediate term trend has been UP since Sep 30th, 2019 at 0.225420
The short term trend has been DOWN since Oct 17th, 2019 at 0.223147
Smart Scan Analysis for CNYNZD
Based on a pre-defined weighted trend formula for chart analysis, CNYNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).