Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 ZARRWF
The long term trend has been UP since Dec 2nd, 2018 at 64.7500
The intermediate term trend has been UP since Jan 7th, 2019 at 62.2335
The short term trend has been UP since Jan 7th, 2019 at 62.1215
Smart Scan Analysis for ZARRWF
Based on a pre-defined weighted trend formula for chart analysis, ZARRWF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).