Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZARNGN
The long term trend has been UP since Aug 8th, 2017 at 27.7295
The intermediate term trend has been DOWN since Oct 25th, 2017 at 25.6990
The short term trend has been UP since Nov 14th, 2017 at 24.9560
Smart Scan Analysis for ZARNGN
Based on a pre-defined weighted trend formula for chart analysis, ZARNGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).