Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
South African Rand/Lesotho Loti (FOREX:ZARLSL)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 14th, 2018 at 1.019850
The intermediate term trend has been UP since Jan 2nd, 2019 at 1.012450
The short term trend has been DOWN since Jan 17th, 2019 at 0.995795
Smart Scan Analysis for ZARLSL
Based on a pre-defined weighted trend formula for chart analysis, ZARLSL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).