Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
/South African Rand (FOREX:MGAZAR)
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 MGAZAR
The long term trend has been DOWN since Mar 6th, 2018 at 0.003605
The intermediate term trend has been UP since Mar 8th, 2018 at 0.003845
The short term trend has been DOWN since Mar 20th, 2018 at 0.003805
Smart Scan Analysis for MGAZAR
Based on a pre-defined weighted trend formula for chart analysis, MGAZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).