Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
/US Dollar (FOREX:ZMWUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ZMWUSD
The long term trend has been DOWN since May 1st, 2018 at 0.102175
The intermediate term trend has been UP since Jun 14th, 2018 at 0.098795
The short term trend has been UP since Jun 4th, 2018 at 0.097630
Smart Scan Analysis for ZMWUSD
Based on a pre-defined weighted trend formula for chart analysis, ZMWUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).