Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
New Zealand Dollar/US Dollar (FOREX:NZDUSD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 NZDUSD
The long term trend has been UP since Dec 2nd, 2019 at 0.64660
The intermediate term trend has been UP since Oct 17th, 2019 at 0.63475
The short term trend has been UP since Dec 1st, 2019 at 0.64380
Smart Scan Analysis for NZDUSD
Based on a pre-defined weighted trend formula for chart analysis, NZDUSD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).