Forex Trend Analysis Report
Prepared for you on Wednesday, October 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 Sep 13th, 2017 at 0.767105
The short term trend has been UP since Oct 11th, 2017 at 0.760045
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).