Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ZARNZD
The long term trend has been UP since Aug 4th, 2016 at 0.10115
The intermediate term trend has been DOWN since Jun 19th, 2017 at 0.10667
The short term trend has been DOWN since Jun 27th, 2017 at 0.10573
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).