Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Tongan Pa'anga/New Zealand Dollar (FOREX:TOPNZD)
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 TOPNZD
The long term trend has been UP since Apr 1st, 2019 at 0.65415
The intermediate term trend has been DOWN since Jun 25th, 2019 at 0.66145
The short term trend has been DOWN since Jun 25th, 2019 at 0.66145
Smart Scan Analysis for TOPNZD
Based on a pre-defined weighted trend formula for chart analysis, TOPNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).