Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
/South African Rand (FOREX:ZMWZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 ZMWZAR
The long term trend has been UP since Apr 23rd, 2018 at 1.30055
The intermediate term trend has been UP since Aug 10th, 2018 at 1.39185
The short term trend has been UP since Aug 17th, 2018 at 1.45445
Smart Scan Analysis for ZMWZAR
Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).