Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
South African Rand/Euro (FOREX:ZAREUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 25th, 2018 at 0.065935
The intermediate term trend has been UP since Jul 12th, 2018 at 0.064390
The short term trend has been DOWN since Jul 17th, 2018 at 0.064204
Smart Scan Analysis for ZAREUR
Based on a pre-defined weighted trend formula for chart analysis, ZAREUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).