Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CADZAR
The long term trend has been DOWN since Dec 2nd, 2019 at 10.947000
The intermediate term trend has been DOWN since Nov 15th, 2019 at 11.120000
The short term trend has been DOWN since Dec 9th, 2019 at 11.016674
Smart Scan Analysis for CADZAR
Based on a pre-defined weighted trend formula for chart analysis, CADZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).