Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Chinese Yuan Renminbi/New Zealand Dollar (FOREX:CNYNZD)
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 CNYNZD
The long term trend has been DOWN since Jul 16th, 2019 at 0.215940
The intermediate term trend has been DOWN since Jun 30th, 2019 at 0.216505
The short term trend has been DOWN since Jul 11th, 2019 at 0.218325
Smart Scan Analysis for CNYNZD
Based on a pre-defined weighted trend formula for chart analysis, CNYNZD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).