Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
South African Rand/Euro (FOREX:ZAREUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ZAREUR
The long term trend has been DOWN since Apr 3rd, 2017 at 0.068295
The intermediate term trend has been UP since Oct 13th, 2017 at 0.063770
The short term trend has been DOWN since Oct 18th, 2017 at 0.063200
Smart Scan Analysis for ZAREUR
Based on a pre-defined weighted trend formula for chart analysis, ZAREUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).