Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
South African Rand/Tunisian Dinar (FOREX:ZARTND)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARTND
The long term trend has been DOWN since Jun 8th, 2018 at 0.19355
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.19450
The short term trend has been DOWN since Aug 3rd, 2018 at 0.19997
Smart Scan Analysis for ZARTND
Based on a pre-defined weighted trend formula for chart analysis, ZARTND scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).