Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Colombian Peso/South African Rand (FOREX:COPZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 COPZAR
The long term trend has been DOWN since May 24th, 2019 at 0.00428700
The intermediate term trend has been UP since Dec 10th, 2019 at 0.00432970
The short term trend has been DOWN since Jan 28th, 2020 at 0.00429603
Smart Scan Analysis for COPZAR
Based on a pre-defined weighted trend formula for chart analysis, COPZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).