Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Czech Koruna/New Zealand Dollar (FOREX:CZKNZD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CZKNZD
The long term trend has been UP since May 1st, 2019 at 0.065890
The intermediate term trend has been DOWN since Sep 6th, 2019 at 0.066574
The short term trend has been UP since Sep 13th, 2019 at 0.066901
Smart Scan Analysis for CZKNZD
Based on a pre-defined weighted trend formula for chart analysis, CZKNZD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).