Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
New Zealand Dollar/Chinese Yuan Renminbi Offshore (FOREX:NZDCNH)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 May 12th, 2019 at 4.531560
The short term trend has been DOWN since May 21st, 2019 at 4.526880
Smart Scan Analysis for NZDCNH
Based on a pre-defined weighted trend formula for chart analysis, NZDCNH scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).