Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
New Zealand Dollar/British Pound (FOREX:NZDGBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 DOWN since Sep 13th, 2019 at 0.515000
The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.500065
The short term trend has been DOWN since Oct 11th, 2019 at 0.510600
Smart Scan Analysis for NZDGBP
Based on a pre-defined weighted trend formula for chart analysis, NZDGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).