Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
New Zealand Dollar/Chinese Yuan Renminbi (FOREX:NZDCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 NZDCNY
The long term trend has been UP since Jul 16th, 2019 at 4.6308
The intermediate term trend has been DOWN since Jul 30th, 2019 at 4.5374
The short term trend has been UP since Aug 20th, 2019 at 4.5381
Smart Scan Analysis for NZDCNY
Based on a pre-defined weighted trend formula for chart analysis, NZDCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).