Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Dec 2nd, 2019 at 2.3733911
The intermediate term trend has been DOWN since Jan 20th, 2020 at 2.4259254
The short term trend has been UP since Feb 11th, 2020 at 2.3557904
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).