Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARAED
The long term trend has been DOWN since Aug 10th, 2018 at 0.262440
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.269710
The short term trend has been DOWN since Sep 17th, 2018 at 0.245445
Smart Scan Analysis for ZARAED
Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).