Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
New Zealand Dollar/Australian Dollar (FOREX:NZDAUD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NZDAUD
The long term trend has been DOWN since Apr 16th, 2019 at 0.937335
The intermediate term trend has been UP since May 5th, 2019 at 0.947720
The short term trend has been UP since Jun 18th, 2019 at 0.949730
Smart Scan Analysis for NZDAUD
Based on a pre-defined weighted trend formula for chart analysis, NZDAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).