Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
South African Rand/Japanese Yen (FOREX:ZARJPY)
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 ZARJPY
The long term trend has been UP since Dec 15th, 2017 at 8.64915
The intermediate term trend has been DOWN since Jan 16th, 2018 at 8.86600
The short term trend has been UP since Jan 17th, 2018 at 9.09980
Smart Scan Analysis for ZARJPY
Based on a pre-defined weighted trend formula for chart analysis, ZARJPY scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).