Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
/South African Rand (FOREX:MZNZAR)
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 MZNZAR
The long term trend has been UP since May 1st, 2018 at 0.237285
The intermediate term trend has been UP since Aug 9th, 2018 at 0.258185
The short term trend has been DOWN since Sep 19th, 2018 at 0.280885
Smart Scan Analysis for MZNZAR
Based on a pre-defined weighted trend formula for chart analysis, MZNZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).