Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 CADZAR
The long term trend has been DOWN since Dec 2nd, 2019 at 10.94700
The intermediate term trend has been UP since Jan 6th, 2020 at 11.06100
The short term trend has been UP since Jan 13th, 2020 at 11.00919
Smart Scan Analysis for CADZAR
Based on a pre-defined weighted trend formula for chart analysis, CADZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).