Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
New Zealand Dollar/Khazanah Sukuk (FOREX:NZDLFX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NZDLFX
The long term trend has been UP since Dec 1st, 2019 at 1.3204
The intermediate term trend has been DOWN since Jan 22nd, 2020 at 1.3343
The short term trend has been DOWN since Jan 14th, 2020 at 1.3378
Smart Scan Analysis for NZDLFX
Based on a pre-defined weighted trend formula for chart analysis, NZDLFX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).