Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
/South African Rand (FOREX:MZNZAR)
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 MZNZAR
The long term trend has been UP since May 1st, 2018 at 0.237285
The intermediate term trend has been UP since Apr 9th, 2018 at 0.229430
The short term trend has been DOWN since Jun 22nd, 2018 at 0.257125
Smart Scan Analysis for MZNZAR
Based on a pre-defined weighted trend formula for chart analysis, MZNZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).