Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
South African Rand/British Pound (FOREX:ZARGBP)
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 ZARGBP
The long term trend has been UP since Dec 27th, 2017 at 0.060085
The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.058620
The short term trend has been UP since Jan 19th, 2018 at 0.059445
Smart Scan Analysis for ZARGBP
Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).