Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
US Dollar/South African Rand (FOREX:USDZAR)
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 USDZAR
The long term trend has been UP since May 1st, 2018 at 12.516735
The intermediate term trend has been UP since Aug 9th, 2018 at 13.615590
The short term trend has been DOWN since Sep 19th, 2018 at 14.815190
Smart Scan Analysis for USDZAR
Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).