Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
New Zealand Dollar/Japanese Yen (FOREX:NZDJPY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NZDJPY
The long term trend has been UP since Dec 1st, 2019 at 70.5300
The intermediate term trend has been DOWN since Jan 5th, 2020 at 71.7300
The short term trend has been DOWN since Jan 20th, 2020 at 72.7525
Smart Scan Analysis for NZDJPY
Based on a pre-defined weighted trend formula for chart analysis, NZDJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).