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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

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

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_SDRNZD
Open High Low SDRNZD Price Change
2.1134493 2.1134493 2.1134493 2.1134493 0.0000000
Entry Signal

MarketClub’s Trade Triangles for SDRNZD

long term down The long term trend has been DOWN since Dec 3rd, 2019 at 2.1340903

intermediate term down The intermediate term trend has been DOWN since Nov 19th, 2019 at 2.1429826

short term down The short term trend has been DOWN since Nov 13th, 2019 at 2.1615394

Smart Scan Analysis for SDRNZD

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

-100
Smart Scan Analysis for SDRNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1134493 2.1134493 2.1134493 2.1134493 0.0000000
Prev. Close Volume Bid Ask Time
2.0977078 2.1134493 2.1134493 2019-12-04 07:16:01
Want to analyze Special Drawing Right/New Zealand Dollar SDRNZD or another symbol? Try our Free Forex Trend Analysis Report.