Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/South African Rand (FOREX:USDZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Aug 8th, 2019 at 15.17200
The intermediate term trend has been UP since Jul 26th, 2019 at 14.27467
The short term trend has been UP since Aug 1st, 2019 at 14.39640
Smart Scan Analysis for USDZAR
Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).