Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
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 NZDCNH
The long term trend has been DOWN since Apr 2nd, 2019 at 4.543745
The intermediate term trend has been UP since Jul 15th, 2019 at 4.624235
The short term trend has been UP since Jul 11th, 2019 at 4.584120
Smart Scan Analysis for NZDCNH
Based on a pre-defined weighted trend formula for chart analysis, NZDCNH scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).