Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
New Zealand Dollar/United Arab Emirates Dirham (FOREX:NZDAED)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Nov 14th, 2018 at 2.49835
The intermediate term trend has been UP since Jan 13th, 2019 at 2.51215
The short term trend has been DOWN since Feb 19th, 2019 at 2.50650
Smart Scan Analysis for NZDAED
Based on a pre-defined weighted trend formula for chart analysis, NZDAED scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).