Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
South African Rand/Swedish Krona (FOREX:ZARSEK)
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 ZARSEK
The long term trend has been UP since Dec 27th, 2019 at 0.66983747
The intermediate term trend has been DOWN since Jan 14th, 2020 at 0.65527818
The short term trend has been UP since Feb 11th, 2020 at 0.64690085
Smart Scan Analysis for ZARSEK
Based on a pre-defined weighted trend formula for chart analysis, ZARSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).