Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Dec 17th, 2017 at 0.790130
The intermediate term trend has been DOWN since Mar 7th, 2018 at 0.797040
The short term trend has been UP since Mar 21st, 2018 at 0.807115
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).