Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Euro/South African Rand (FOREX:EURZAR)
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 EURZAR
The long term trend has been UP since Apr 3rd, 2017 at 14.643000
The intermediate term trend has been DOWN since Nov 28th, 2017 at 16.287055
The short term trend has been DOWN since Nov 27th, 2017 at 16.373485
Smart Scan Analysis for EURZAR
Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).