Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 ZARBWP
The long term trend has been DOWN since Apr 4th, 2017 at 0.760980
The intermediate term trend has been DOWN since Mar 28th, 2017 at 0.783300
The short term trend has been DOWN since May 17th, 2017 at 0.778745
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).