Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
South African Rand/Lesotho Loti (FOREX:ZARLSL)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZARLSL
The long term trend has been UP since Nov 17th, 2017 at 1.02140
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 0.98825
The short term trend has been UP since Apr 25th, 2018 at 1.00305
Smart Scan Analysis for ZARLSL
Based on a pre-defined weighted trend formula for chart analysis, ZARLSL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).