Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Dec 15th, 2017 at 9.17260
The intermediate term trend has been UP since Mar 19th, 2018 at 8.69865
The short term trend has been DOWN since Mar 20th, 2018 at 8.61120
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).