Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
South African Rand/Danish Krone (FOREX:ZARDKK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 ZARDKK
The long term trend has been UP since Dec 17th, 2017 at 0.489320
The intermediate term trend has been UP since Feb 12th, 2018 at 0.507385
The short term trend has been UP since Feb 7th, 2018 at 0.505310
Smart Scan Analysis for ZARDKK
Based on a pre-defined weighted trend formula for chart analysis, ZARDKK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).