Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Dec 12th, 2017 at 0.24359
The intermediate term trend has been UP since Mar 23rd, 2018 at 0.28113
The short term trend has been DOWN since Apr 20th, 2018 at 0.28259
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).