Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
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 NZDZAR
The long term trend has been UP since May 3rd, 2018 at 8.93150
The intermediate term trend has been UP since May 31st, 2018 at 8.89095
The short term trend has been DOWN since Jun 22nd, 2018 at 9.30980
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).