Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ZARAED
The long term trend has been DOWN since Aug 10th, 2018 at 0.26244
The intermediate term trend has been UP since Sep 26th, 2018 at 0.25885
The short term trend has been UP since Nov 15th, 2018 at 0.25715
Smart Scan Analysis for ZARAED
Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).