Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
South African Rand/Tanzanian Shilling (FOREX:ZARTZS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ZARTZS
The long term trend has been UP since Dec 26th, 2017 at 179.44
The intermediate term trend has been DOWN since Apr 9th, 2018 at 186.45
The short term trend has been DOWN since Apr 23rd, 2018 at 188.88
Smart Scan Analysis for ZARTZS
Based on a pre-defined weighted trend formula for chart analysis, ZARTZS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).