Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Colombian Peso/South African Rand (FOREX:COPZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 COPZAR
The long term trend has been DOWN since May 24th, 2019 at 0.00428700
The intermediate term trend has been DOWN since Nov 18th, 2019 at 0.00428469
The short term trend has been UP since Dec 5th, 2019 at 0.00417561
Smart Scan Analysis for COPZAR
Based on a pre-defined weighted trend formula for chart analysis, COPZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).