Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
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 Apr 10th, 2017 at 13.96100
The intermediate term trend has been UP since Sep 18th, 2017 at 13.23835
The short term trend has been DOWN since Nov 15th, 2017 at 14.34630
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).