Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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.
MarketClub’s Trade Triangles for NZDGBP
The long term trend has been UP since Nov 12th, 2018 at 0.52440
The intermediate term trend has been UP since Feb 14th, 2019 at 0.53300
The short term trend has been DOWN since Feb 18th, 2019 at 0.53031
Smart Scan Analysis for NZDGBP
Based on a pre-defined weighted trend formula for chart analysis, NZDGBP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).