Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
New Zealand Dollar/Canadian Dollar (FOREX:NZDCAD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NZDCAD
The long term trend has been DOWN since Apr 22nd, 2019 at 0.891100
The intermediate term trend has been DOWN since Jul 31st, 2019 at 0.865155
The short term trend has been DOWN since Aug 18th, 2019 at 0.851690
Smart Scan Analysis for NZDCAD
Based on a pre-defined weighted trend formula for chart analysis, NZDCAD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).