Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
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 NZDCNH
The long term trend has been DOWN since Apr 2nd, 2019 at 4.543745
The intermediate term trend has been DOWN since Sep 13th, 2019 at 4.498685
The short term trend has been DOWN since Sep 11th, 2019 at 4.559660
Smart Scan Analysis for NZDCNH
Based on a pre-defined weighted trend formula for chart analysis, NZDCNH scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).