Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
South African Rand/ (FOREX:ZARMGA)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Dec 6th, 2018 at 125.280
The intermediate term trend has been UP since Jan 6th, 2019 at 251.005
The short term trend has been UP since Jan 4th, 2019 at 244.545
Smart Scan Analysis for ZARMGA
Based on a pre-defined weighted trend formula for chart analysis, ZARMGA scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).