Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 JPYZAR
The long term trend has been DOWN since Dec 15th, 2017 at 0.116785
The intermediate term trend has been DOWN since Nov 27th, 2017 at 0.123680
The short term trend has been DOWN since Jan 16th, 2018 at 0.110765
Smart Scan Analysis for JPYZAR
Based on a pre-defined weighted trend formula for chart analysis, JPYZAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).