Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Japanese Yen/New Zealand Dollar (FOREX:JPYNZD)
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 JPYNZD
The long term trend has been DOWN since Dec 1st, 2019 at 0.014177
The intermediate term trend has been UP since Jan 5th, 2020 at 0.013942
The short term trend has been DOWN since Jan 8th, 2020 at 0.013801
Smart Scan Analysis for JPYNZD
Based on a pre-defined weighted trend formula for chart analysis, JPYNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).