Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
British Pound/New Zealand Dollar (FOREX:GBPNZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 GBPNZD
The long term trend has been DOWN since Nov 12th, 2018 at 1.90708
The intermediate term trend has been UP since Feb 26th, 2019 at 1.92618
The short term trend has been DOWN since Mar 18th, 2019 at 1.92688
Smart Scan Analysis for GBPNZD
Based on a pre-defined weighted trend formula for chart analysis, GBPNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).