Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
/New Zealand Dollar (FOREX:TOPNZD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 TOPNZD
The long term trend has been DOWN since Nov 29th, 2018 at 0.64775
The intermediate term trend has been UP since Feb 11th, 2019 at 0.65080
The short term trend has been UP since Feb 11th, 2019 at 0.65080
Smart Scan Analysis for TOPNZD
Based on a pre-defined weighted trend formula for chart analysis, TOPNZD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).