Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 JPYNZD
The long term trend has been UP since Jan 2nd, 2019 at 0.013823
The intermediate term trend has been DOWN since Jan 23rd, 2019 at 0.013432
The short term trend has been UP since Feb 21st, 2019 at 0.013257
Smart Scan Analysis for JPYNZD
Based on a pre-defined weighted trend formula for chart analysis, JPYNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).