Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 ZARBRL
The long term trend has been UP since Dec 12th, 2017 at 0.243590
The intermediate term trend has been UP since Nov 27th, 2017 at 0.234770
The short term trend has been UP since Jan 16th, 2018 at 0.261495
Smart Scan Analysis for ZARBRL
Based on a pre-defined weighted trend formula for chart analysis, ZARBRL scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).