Forex Trend Analysis Report
Prepared for you on Wednesday, January 16, 2019.
South African Rand/Ugandan Shilling (FOREX:ZARUGX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ZARUGX
The long term trend has been DOWN since Apr 25th, 2018 at 297.675
The intermediate term trend has been UP since Jan 7th, 2019 at 258.035
The short term trend has been UP since Dec 30th, 2018 at 257.350
Smart Scan Analysis for ZARUGX
Based on a pre-defined weighted trend formula for chart analysis, ZARUGX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).