Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Canadian Dollar/South African Rand (FOREX:CADZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Mar 14th, 2019 at 10.8885
The intermediate term trend has been UP since May 2nd, 2019 at 10.7735
The short term trend has been DOWN since May 23rd, 2019 at 10.6821
Smart Scan Analysis for CADZAR
Based on a pre-defined weighted trend formula for chart analysis, CADZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).