Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ZARAUD
The long term trend has been DOWN since Apr 3rd, 2017 at 0.096045
The intermediate term trend has been UP since Nov 17th, 2017 at 0.094620
The short term trend has been DOWN since Nov 24th, 2017 at 0.093515
Smart Scan Analysis for ZARAUD
Based on a pre-defined weighted trend formula for chart analysis, ZARAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).