Future Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
SOUTH AFRICAN RAND Sep 2019 (CME:6Z.U19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 6Z.U19
The long term trend has been UP since Jun 19th, 2019 at 0.068225
The intermediate term trend has been UP since Jun 19th, 2019 at 0.068225
The short term trend has been DOWN since Jul 18th, 2019 at 0.070800
Smart Scan Analysis for 6Z.U19
Based on a pre-defined weighted trend formula for chart analysis, 6Z.U19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).