Future Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
SOUTH AFRICAN RAND Mar 2019 (CME:6Z.H19)
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 6Z.H19
The long term trend has been UP since Dec 3rd, 2018 at 0.072375
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.071050
The short term trend has been DOWN since Mar 14th, 2019 at 0.069275
Smart Scan Analysis for 6Z.H19
Based on a pre-defined weighted trend formula for chart analysis, 6Z.H19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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