Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
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 NZDZAR
The long term trend has been UP since May 3rd, 2018 at 8.9315
The intermediate term trend has been UP since Aug 10th, 2018 at 9.2204
The short term trend has been DOWN since Sep 19th, 2018 at 9.7630
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).