Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Euro/New Zealand Dollar (FOREX:EURNZD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 EURNZD
The long term trend has been DOWN since Dec 2nd, 2019 at 1.700675
The intermediate term trend has been DOWN since Oct 21st, 2019 at 1.733695
The short term trend has been DOWN since Nov 29th, 2019 at 1.711150
Smart Scan Analysis for EURNZD
Based on a pre-defined weighted trend formula for chart analysis, EURNZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).