Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
South African Rand/Chinese Renminbi Yuan (FOREX:ZARCNY)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Apr 23rd, 2018 at 0.51800
The intermediate term trend has been UP since Jul 6th, 2018 at 0.49211
The short term trend has been UP since Jul 3rd, 2018 at 0.48477
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).