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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Special Drawing Right/New Zealand Dollar (FOREX:SDRNZD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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.

FOREX_SDRNZD
Open High Low SDRNZD Price Change
2.0396 2.0396 2.0396 2.0396 0.0000
Entry Signal

MarketClub’s Trade Triangles for SDRNZD

long term up The long term trend has been UP since May 7th, 2019 at 2.0828

intermediate term down The intermediate term trend has been DOWN since Jun 26th, 2019 at 2.0878

short term down The short term trend has been DOWN since Jul 15th, 2019 at 2.0685

Smart Scan Analysis for SDRNZD

Based on a pre-defined weighted trend formula for chart analysis, SDRNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for SDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0396 2.0396 2.0396 2.0396 0.0000
Prev. Close Volume Bid Ask Time
2.0396 2.0396 2.0396 2019-07-21 20:00:33
Want to analyze Special Drawing Right/New Zealand Dollar SDRNZD or another symbol? Try our Free Forex Trend Analysis Report.