Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CADZAR
The long term trend has been UP since Jul 10th, 2017 at 10.4745
The intermediate term trend has been UP since Oct 26th, 2017 at 11.0425
The short term trend has been DOWN since Nov 15th, 2017 at 11.2665
Smart Scan Analysis for CADZAR
Based on a pre-defined weighted trend formula for chart analysis, CADZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).