Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
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 NZDGBP
The long term trend has been UP since Jun 26th, 2019 at 0.52717
The intermediate term trend has been UP since May 24th, 2019 at 0.51700
The short term trend has been UP since Jul 10th, 2019 at 0.53160
Smart Scan Analysis for NZDGBP
Based on a pre-defined weighted trend formula for chart analysis, NZDGBP scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).