Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 Apr 4th, 2017 at 0.760980
The intermediate term trend has been DOWN since Jun 27th, 2017 at 0.782530
The short term trend has been UP since Aug 16th, 2017 at 0.773675
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).