Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ZARBWP
The long term trend has been DOWN since May 1st, 2018 at 0.782055
The intermediate term trend has been DOWN since May 21st, 2018 at 0.780300
The short term trend has been UP since May 22nd, 2018 at 0.791185
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).