Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
South African Rand/ (FOREX:ZARRON)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 ZARRON
The long term trend has been DOWN since Apr 25th, 2018 at 0.305885
The intermediate term trend has been DOWN since Jun 7th, 2018 at 0.305320
The short term trend has been UP since Jun 22nd, 2018 at 0.297210
Smart Scan Analysis for ZARRON
Based on a pre-defined weighted trend formula for chart analysis, ZARRON scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).