Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
South African Rand/Swiss Franc (FOREX:ZARCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ZARCHF
The long term trend has been UP since Dec 18th, 2019 at 0.06861463
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.06766280
The short term trend has been UP since Jan 22nd, 2020 at 0.06711453
Smart Scan Analysis for ZARCHF
Based on a pre-defined weighted trend formula for chart analysis, ZARCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).