Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
/South African Rand (FOREX:GHSZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 GHSZAR
The long term trend has been UP since Jun 17th, 2018 at 2.79880
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 3.03830
The short term trend has been UP since Oct 7th, 2018 at 3.03855
Smart Scan Analysis for GHSZAR
Based on a pre-defined weighted trend formula for chart analysis, GHSZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).