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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.

FOREX_NZDCNY
Open High Low NZDCNY Price Change
4.52140 4.52565 4.50815 4.50885 -0.01255
Entry Signal

MarketClub’s Trade Triangles for NZDCNY

long term up The long term trend has been UP since Jul 16th, 2019 at 4.6308

intermediate term down The intermediate term trend has been DOWN since Jul 30th, 2019 at 4.5374

short term up 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).

-55
Smart Scan Analysis for NZDCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.52140 4.52565 4.50815 4.50885 -0.01255
Prev. Close Volume Bid Ask Time
4.52140 4.50310 4.51460 2019-08-22 16:46:39
Want to analyze New Zealand Dollar/Chinese Yuan Renminbi NZDCNY or another symbol? Try our Free Forex Trend Analysis Report.