Future Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
SOUTH AFRICAN RAND Dec 2018 (E) (NYBOT:ZR.Z18.E)
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 ZR.Z18.E
The long term trend has been UP since May 1st, 2018 at 12.8370
The intermediate term trend has been DOWN since Nov 5th, 2018 at 14.2625
The short term trend has been DOWN since Nov 28th, 2018 at 13.7975
Smart Scan Analysis for ZR.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, ZR.Z18.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||15.89||Contract High Date||2018-09-05|
|Contract Low||13.775||Contract Low Date||2018-11-28|
|Open Time||02:00||Close Time||15:00|