Forex Trend Analysis Report
Prepared for you on Tuesday, March 20, 2018.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ZARNZD
The long term trend has been UP since Dec 15th, 2017 at 0.109015
The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.114965
The short term trend has been UP since Mar 20th, 2018 at 0.116115
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).