Future Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
SOUTH AFRICAN RAND Jun 2019 (CME:6Z.M19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 6Z.M19
The long term trend has been DOWN since May 1st, 2018 at 0.076275
The intermediate term trend has been UP since Apr 3rd, 2019 at 0.069975
The short term trend has been DOWN since Apr 18th, 2019 at 0.070625
Smart Scan Analysis for 6Z.M19
Based on a pre-defined weighted trend formula for chart analysis, 6Z.M19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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