Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
South African Rand/Chinese Renminbi Yuan (FOREX:ZARCNY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ZARCNY
The long term trend has been UP since Dec 17th, 2017 at 0.511215
The intermediate term trend has been DOWN since Apr 6th, 2018 at 0.523720
The short term trend has been DOWN since Apr 20th, 2018 at 0.521275
Smart Scan Analysis for ZARCNY
Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).