Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
South African Rand/ (FOREX:ZARMGA)
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 ZARMGA
The long term trend has been DOWN since May 1st, 2018 at 256.785
The intermediate term trend has been UP since Sep 20th, 2018 at 237.360
The short term trend has been UP since Sep 11th, 2018 at 226.040
Smart Scan Analysis for ZARMGA
Based on a pre-defined weighted trend formula for chart analysis, ZARMGA scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).