Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
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 GBPNZD
The long term trend has been UP since Apr 23rd, 2019 at 1.95352
The intermediate term trend has been UP since Feb 26th, 2019 at 1.92618
The short term trend has been DOWN since May 22nd, 2019 at 1.94380
Smart Scan Analysis for GBPNZD
Based on a pre-defined weighted trend formula for chart analysis, GBPNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).