Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
South African Rand/Brazilian Real (FOREX:ZARBRL)
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 ZARBRL
The long term trend has been DOWN since Aug 3rd, 2017 at 0.231845
The intermediate term trend has been DOWN since Oct 26th, 2017 at 0.228715
The short term trend has been UP since Nov 14th, 2017 at 0.229875
Smart Scan Analysis for ZARBRL
Based on a pre-defined weighted trend formula for chart analysis, ZARBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).