Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Jul 5th, 2017 at 0.102785
The intermediate term trend has been UP since Oct 11th, 2017 at 0.104390
The short term trend has been UP since Oct 19th, 2017 at 0.104925
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).