Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Chinese Renminbi Yuan/South African Rand (FOREX:CNYZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CNYZAR
The long term trend has been UP since Apr 23rd, 2018 at 1.93525
The intermediate term trend has been DOWN since Jul 6th, 2018 at 2.02875
The short term trend has been DOWN since Jul 3rd, 2018 at 2.06270
Smart Scan Analysis for CNYZAR
Based on a pre-defined weighted trend formula for chart analysis, CNYZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).