Forex Trend Analysis Report
Prepared for you on Thursday, May 25, 2017.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 ZARNZD
The long term trend has been UP since Aug 4th, 2016 at 0.101150
The intermediate term trend has been UP since May 16th, 2017 at 0.110580
The short term trend has been UP since May 24th, 2017 at 0.109395
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).