Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
South African Rand/Czech Koruna (FOREX:ZARCZK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 ZARCZK
The long term trend has been UP since Nov 29th, 2018 at 1.66615
The intermediate term trend has been UP since Sep 24th, 2018 at 1.52805
The short term trend has been DOWN since Dec 5th, 2018 at 1.64765
Smart Scan Analysis for ZARCZK
Based on a pre-defined weighted trend formula for chart analysis, ZARCZK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).