Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
/South African Rand (FOREX:MGAZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Nov 10th, 2015 at 0.004345
The intermediate term trend has been UP since Feb 27th, 2017 at 0.004290
The short term trend has been DOWN since Dec 13th, 2017 at 0.004220
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).