Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
SOUTH AFRICAN RAND Dec 2018 (E) (NYBOT:ZR.Z18.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Oct 9th, 2018 at 15.0925
The short term trend has been DOWN since Oct 10th, 2018 at 14.8150
Smart Scan Analysis for ZR.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, ZR.Z18.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||15.89||Contract High Date||2018-09-05|
|Contract Low||14.18||Contract Low Date||2018-08-28|
|Open Time||20:00||Close Time||17:00|