Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Colombian Peso/South African Rand (FOREX:COPZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 COPZAR
The long term trend has been UP since Apr 15th, 2018 at 0.004260
The intermediate term trend has been UP since Aug 13th, 2018 at 0.004703
The short term trend has been UP since Jul 29th, 2018 at 0.004585
Smart Scan Analysis for COPZAR
Based on a pre-defined weighted trend formula for chart analysis, COPZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).