Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Special Drawing Right/New Zealand Dollar (FOREX:SDRNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Nov 9th, 2018 at 2.0640
The intermediate term trend has been DOWN since Jan 13th, 2019 at 2.0496
The short term trend has been UP since Feb 19th, 2019 at 2.0220
Smart Scan Analysis for SDRNZD
Based on a pre-defined weighted trend formula for chart analysis, SDRNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).