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Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

Indian Rupee/New Zealand Dollar (FOREX:INRNZD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_INRNZD
Open High Low INRNZD Price Change
0.02180266 0.02181024 0.02170009 0.02170647 -0.00009600
Entry Signal

MarketClub’s Trade Triangles for INRNZD

long term up The long term trend has been UP since Aug 30th, 2019 at 0.0222180

intermediate term down The intermediate term trend has been DOWN since Oct 16th, 2019 at 0.0221430

short term down The short term trend has been DOWN since Nov 11th, 2019 at 0.0218859

Smart Scan Analysis for INRNZD

Based on a pre-defined weighted trend formula for chart analysis, INRNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for INRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02180266 0.02181024 0.02170009 0.02170647 -0.00009600
Prev. Close Volume Bid Ask Time
0.02180266 0.02170373 0.02170920 2019-11-18 11:41:32
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