Future Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
SOUTH AFRICAN RAND Mar 2019 (CME:6Z.H19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 6Z.H19
The long term trend has been UP since Dec 3rd, 2018 at 0.072375
The intermediate term trend has been UP since Jan 4th, 2019 at 0.070325
The short term trend has been DOWN since Jan 18th, 2019 at 0.071825
Smart Scan Analysis for 6Z.H19
Based on a pre-defined weighted trend formula for chart analysis, 6Z.H19 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|