Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
South African Rand/Egyptian Pound (FOREX:ZAREGP)
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 ZAREGP
The long term trend has been UP since Dec 20th, 2019 at 1.1323000
The intermediate term trend has been DOWN since Jan 13th, 2020 at 1.1095974
The short term trend has been DOWN since Jan 27th, 2020 at 1.0915555
Smart Scan Analysis for ZAREGP
Based on a pre-defined weighted trend formula for chart analysis, ZAREGP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).