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.
MarketClub’s Trade Triangles for SDRNZD
The long term trend has been UP since May 7th, 2019 at 2.0828
The intermediate term trend has been DOWN since Jun 26th, 2019 at 2.0878
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).