Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
South African Rand/Swaziland Lilangeni (FOREX:ZARSZL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZARSZL
The long term trend has been DOWN since Dec 4th, 2018 at 0.990110
The intermediate term trend has been DOWN since Nov 26th, 2018 at 0.996220
The short term trend has been UP since Dec 11th, 2018 at 0.999425
Smart Scan Analysis for ZARSZL
Based on a pre-defined weighted trend formula for chart analysis, ZARSZL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).