Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
South African Rand/Cyprus Pound (FOREX:ZARCYP)
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 ZARCYP
The long term trend has been DOWN since Apr 3rd, 2017 at 0.039970
The intermediate term trend has been DOWN since Oct 25th, 2017 at 0.035995
The short term trend has been UP since Nov 16th, 2017 at 0.035025
Smart Scan Analysis for ZARCYP
Based on a pre-defined weighted trend formula for chart analysis, ZARCYP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).