Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
South African Rand/Lesotho Loti (FOREX:ZARLSL)
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 ZARLSL
The long term trend has been UP since Aug 14th, 2018 at 1.01985
The intermediate term trend has been DOWN since Oct 24th, 2018 at 0.98041
The short term trend has been UP since Nov 13th, 2018 at 1.00220
Smart Scan Analysis for ZARLSL
Based on a pre-defined weighted trend formula for chart analysis, ZARLSL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).