Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
New Zealand Dollar/Tongan Pa'anga (FOREX:NZDTOP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Nov 11th, 2019 at 1.47680
The short term trend has been DOWN since Nov 8th, 2019 at 1.47915
Smart Scan Analysis for NZDTOP
Based on a pre-defined weighted trend formula for chart analysis, NZDTOP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).