Forex Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
South African Rand/Tanzanian Shilling (FOREX:ZARTZS)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 ZARTZS
The long term trend has been UP since Jan 17th, 2017 at 165.895
The intermediate term trend has been DOWN since Jun 28th, 2017 at 170.560
The short term trend has been DOWN since Jul 20th, 2017 at 170.610
Smart Scan Analysis for ZARTZS
Based on a pre-defined weighted trend formula for chart analysis, ZARTZS scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).