Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 NZDZAR
The long term trend has been DOWN since Aug 4th, 2016 at 9.83675
The intermediate term trend has been UP since Jun 19th, 2017 at 9.37490
The short term trend has been UP since Jun 27th, 2017 at 9.46070
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).