Forex Trend Analysis Report
Prepared for you on Saturday, July 20, 2019.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 NZDTOP
The long term trend has been DOWN since Apr 1st, 2019 at 1.52975
The intermediate term trend has been UP since Jun 25th, 2019 at 1.51285
The short term trend has been UP since Jun 25th, 2019 at 1.51285
Smart Scan Analysis for NZDTOP
Based on a pre-defined weighted trend formula for chart analysis, NZDTOP scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).