Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
South African Rand/Cyprus Pound (FOREX:ZARCYP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 ZARCYP
The long term trend has been DOWN since Apr 3rd, 2017 at 0.039970
The intermediate term trend has been DOWN since Sep 15th, 2017 at 0.037125
The short term trend has been UP since Sep 22nd, 2017 at 0.037055
Smart Scan Analysis for ZARCYP
Based on a pre-defined weighted trend formula for chart analysis, ZARCYP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).