Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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 May 1st, 2018 at 0.782055
The intermediate term trend has been UP since Sep 26th, 2018 at 0.748865
The short term trend has been UP since Nov 14th, 2018 at 0.751010
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).