Future Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
SOUTH AFRICAN RAND Dec 2017 (E) (NYBOT:ZR.Z17.E)
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 ZR.Z17.E
The long term trend has been UP since Oct 9th, 2017 at 13.9470
The intermediate term trend has been DOWN since Nov 20th, 2017 at 14.0400
The short term trend has been DOWN since Nov 27th, 2017 at 13.9025
Smart Scan Analysis for ZR.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, ZR.Z17.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||14.5975||Contract High Date||2017-11-13|
|Contract Low||12.955||Contract Low Date||2017-09-06|
|Open Time||02:00||Close Time||15:00|