Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
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.
MarketClub’s Trade Triangles for NZDGBP
The long term trend has been UP since Nov 12th, 2018 at 0.524400
The intermediate term trend has been DOWN since Feb 26th, 2019 at 0.519145
The short term trend has been DOWN since Apr 16th, 2019 at 0.514900
Smart Scan Analysis for NZDGBP
Based on a pre-defined weighted trend formula for chart analysis, NZDGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).