Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.
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MarketClub’s Trade Triangles for NZDCNY
The long term trend has been UP since Dec 3rd, 2019 at 4.5916000
The intermediate term trend has been DOWN since Jan 13th, 2020 at 4.5522660
The short term trend has been DOWN since Feb 17th, 2020 at 4.4882324
Smart Scan Analysis for NZDCNY
Based on a pre-defined weighted trend formula for chart analysis, NZDCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.4900695 | 4.4938550 | 4.4866625 | 4.4879400 | -0.0021290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.4900695 | 4.4820079 | 4.4938721 | 2020-02-17 02:27:17 |