Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
South African Rand/Euro (FOREX:ZAREUR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 ZAREUR
The long term trend has been UP since Dec 17th, 2017 at 0.065755
The intermediate term trend has been UP since Feb 7th, 2018 at 0.068075
The short term trend has been UP since Feb 7th, 2018 at 0.067895
Smart Scan Analysis for ZAREUR
Based on a pre-defined weighted trend formula for chart analysis, ZAREUR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).