Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 0.76098
The intermediate term trend has been DOWN since Mar 28th, 2017 at 0.78330
The short term trend has been DOWN since Apr 23rd, 2017 at 0.77869
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).