Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
South African Rand/Chinese Renminbi Yuan (FOREX:ZARCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 4th, 2017 at 0.496865
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.499585
The short term trend has been UP since Nov 16th, 2017 at 0.462540
Smart Scan Analysis for ZARCNY
Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).