Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
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 DOWN since Jan 2nd, 2019 at 72.3480
The intermediate term trend has been UP since Oct 17th, 2019 at 68.8060
The short term trend has been UP since Oct 17th, 2019 at 68.7285
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).