Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
South African Rand/US Dollar (FOREX:ZARUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 ZARUSD
The long term trend has been DOWN since May 1st, 2018 at 0.079895
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.073425
The short term trend has been DOWN since Aug 8th, 2018 at 0.074283
Smart Scan Analysis for ZARUSD
Based on a pre-defined weighted trend formula for chart analysis, ZARUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).