Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
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 negative trend to resume. Downtrend 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 DOWN since Apr 9th, 2018 at 0.058465
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.056170
The short term trend has been UP since Aug 21st, 2018 at 0.054295
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).