Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
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 NZDAED
The long term trend has been DOWN since Apr 24th, 2019 at 2.4290
The intermediate term trend has been UP since Jun 3rd, 2019 at 2.4209
The short term trend has been DOWN since Jul 22nd, 2019 at 2.4745
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).