Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
South African Rand/Cyprus Pound (FOREX:ZARCYP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 25th, 2018 at 0.038590
The intermediate term trend has been DOWN since Jun 6th, 2018 at 0.038675
The short term trend has been DOWN since Jun 18th, 2018 at 0.037240
Smart Scan Analysis for ZARCYP
Based on a pre-defined weighted trend formula for chart analysis, ZARCYP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).