Forex Trend Analysis Report
Prepared for you on Monday, June 25, 2018.
Australian Dollar/South African Rand (FOREX:AUDZAR)
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 AUDZAR
The long term trend has been UP since May 18th, 2018 at 9.60720
The intermediate term trend has been UP since May 18th, 2018 at 9.55835
The short term trend has been DOWN since Jun 22nd, 2018 at 10.00750
Smart Scan Analysis for AUDZAR
Based on a pre-defined weighted trend formula for chart analysis, AUDZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).