Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
South African Rand/Australian Dollar (FOREX:ZARAUD)
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 ZARAUD
The long term trend has been UP since Dec 16th, 2019 at 0.1010805
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.1003185
The short term trend has been DOWN since Jan 10th, 2020 at 0.1010235
Smart Scan Analysis for ZARAUD
Based on a pre-defined weighted trend formula for chart analysis, ZARAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).