Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
New Zealand Dollar/Euro (FOREX:NZDEUR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 NZDEUR
The long term trend has been UP since Nov 1st, 2018 at 0.584100
The intermediate term trend has been UP since Jan 15th, 2019 at 0.596325
The short term trend has been UP since Mar 21st, 2019 at 0.606940
Smart Scan Analysis for NZDEUR
Based on a pre-defined weighted trend formula for chart analysis, NZDEUR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).