Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Chinese Renminbi Yuan/South African Rand (FOREX:CNYZAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CNYZAR
The long term trend has been UP since Apr 23rd, 2018 at 1.93525
The intermediate term trend has been DOWN since Sep 24th, 2018 at 2.07340
The short term trend has been DOWN since Oct 9th, 2018 at 2.13775
Smart Scan Analysis for CNYZAR
Based on a pre-defined weighted trend formula for chart analysis, CNYZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).