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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.

FOREX_NZDJPY
Open High Low NZDJPY Price Change
68.5045 69.0100 68.3455 68.9550 +0.4505
Entry Signal

MarketClub’s Trade Triangles for NZDJPY

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 72.3480

intermediate term up The intermediate term trend has been UP since Oct 17th, 2019 at 68.8060

short term up 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).

+60
Smart Scan Analysis for NZDJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
68.5045 69.0100 68.3455 68.9550 +0.4505
Prev. Close Volume Bid Ask Time
68.5045 68.9440 68.9660 2019-10-17 18:38:16
Want to analyze New Zealand Dollar/Japanese Yen NZDJPY or another symbol? Try our Free Forex Trend Analysis Report.