Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
South African Rand/ (FOREX:ZARMGA)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 ZARMGA
The long term trend has been UP since Nov 6th, 2018 at 250.790
The intermediate term trend has been UP since Nov 6th, 2018 at 250.790
The short term trend has been DOWN since Nov 9th, 2018 at 247.565
Smart Scan Analysis for ZARMGA
Based on a pre-defined weighted trend formula for chart analysis, ZARMGA scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).