Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
South African Rand/British Pound (FOREX:ZARGBP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ZARGBP
The long term trend has been DOWN since Apr 9th, 2018 at 0.058465
The intermediate term trend has been UP since Sep 24th, 2018 at 0.053551
The short term trend has been UP since Nov 15th, 2018 at 0.054185
Smart Scan Analysis for ZARGBP
Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).