Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
South African Rand/Mexican Peso (FOREX:ZARMXN)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARMXN
The long term trend has been UP since Dec 15th, 2017 at 1.439465
The intermediate term trend has been UP since Jan 30th, 2018 at 1.568300
The short term trend has been UP since Feb 21st, 2018 at 1.600150
Smart Scan Analysis for ZARMXN
Based on a pre-defined weighted trend formula for chart analysis, ZARMXN scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).