Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
South African Rand/British Pound (FOREX:ZARGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 ZARGBP
The long term trend has been UP since Dec 3rd, 2018 at 0.057495
The intermediate term trend has been UP since Jan 4th, 2019 at 0.056305
The short term trend has been DOWN since Jan 18th, 2019 at 0.056000
Smart Scan Analysis for ZARGBP
Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).