Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
New Zealand Dollar/Khazanah Sukuk (FOREX:NZDLFX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NZDLFX
The long term trend has been DOWN since May 5th, 2019 at 1.3512
The intermediate term trend has been DOWN since Sep 19th, 2019 at 1.2928
The short term trend has been UP since Oct 20th, 2019 at 1.2968
Smart Scan Analysis for NZDLFX
Based on a pre-defined weighted trend formula for chart analysis, NZDLFX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).