Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
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 NZDAED
The long term trend has been DOWN since Apr 24th, 2019 at 2.42900
The intermediate term trend has been UP since Sep 9th, 2019 at 2.36350
The short term trend has been DOWN since Sep 12th, 2019 at 2.35415
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).