Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
US Dollar/South African Rand (FOREX:USDZAR)
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 USDZAR
The long term trend has been UP since Mar 28th, 2019 at 14.69015
The intermediate term trend has been DOWN since Jun 19th, 2019 at 14.38665
The short term trend has been DOWN since Jun 10th, 2019 at 14.84941
Smart Scan Analysis for USDZAR
Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).