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.
MarketClub’s Trade Triangles for SDRNZD
The long term trend has been DOWN since Dec 3rd, 2019 at 2.1340903
The intermediate term trend has been DOWN since Nov 19th, 2019 at 2.1429826
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).