Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Euro/South African Rand (FOREX:EURZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 15.167600
The intermediate term trend has been DOWN since Sep 24th, 2018 at 16.726875
The short term trend has been UP since Nov 9th, 2018 at 16.268000
Smart Scan Analysis for EURZAR
Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).