Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
New Zealand Dollar/ (FOREX:NZDTOP)
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 NZDTOP
The long term trend has been UP since Nov 29th, 2018 at 1.54485
The intermediate term trend has been DOWN since Feb 11th, 2019 at 1.53765
The short term trend has been DOWN since Feb 11th, 2019 at 1.53765
Smart Scan Analysis for NZDTOP
Based on a pre-defined weighted trend formula for chart analysis, NZDTOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).