Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Euro/South African Rand (FOREX:EURZAR)
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 EURZAR
The long term trend has been UP since Apr 25th, 2018 at 15.16760
The intermediate term trend has been UP since Aug 10th, 2018 at 15.87905
The short term trend has been DOWN since Sep 19th, 2018 at 17.31395
Smart Scan Analysis for EURZAR
Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).