Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
Indian Rupee/New Zealand Dollar (FOREX:INRNZD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 INRNZD
The long term trend has been UP since Dec 31st, 2018 at 0.021427
The intermediate term trend has been DOWN since Jul 18th, 2019 at 0.021480
The short term trend has been DOWN since Jul 11th, 2019 at 0.021871
Smart Scan Analysis for INRNZD
Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).