Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
US Dollar/South African Rand (FOREX:USDZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 USDZAR
The long term trend has been UP since Mar 28th, 2019 at 14.69015
The intermediate term trend has been UP since Apr 25th, 2019 at 14.49740
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 +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).