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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.

FOREX_INRNZD
Open High Low INRNZD Price Change
0.021446 0.021470 0.021446 0.021468 +0.000022
Entry Signal

MarketClub’s Trade Triangles for INRNZD

long term up The long term trend has been UP since Dec 31st, 2018 at 0.021427

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2019 at 0.021480

short term down 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).

-60
Smart Scan Analysis for INRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.021446 0.021470 0.021446 0.021468 +0.000022
Prev. Close Volume Bid Ask Time
0.021446 0.021459 0.021476 2019-07-20 16:21:46
Want to analyze Indian Rupee/New Zealand Dollar INRNZD or another symbol? Try our Free Forex Trend Analysis Report.