Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
South African Rand/Colombian Peso (FOREX:ZARCOP)
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 ZARCOP
The long term trend has been UP since May 24th, 2019 at 233.32000
The intermediate term trend has been DOWN since Dec 10th, 2019 at 231.00297
The short term trend has been DOWN since Jan 12th, 2020 at 227.74516
Smart Scan Analysis for ZARCOP
Based on a pre-defined weighted trend formula for chart analysis, ZARCOP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).