Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CYPZAR
The long term trend has been UP since Aug 9th, 2019 at 29.183500
The intermediate term trend has been DOWN since Nov 29th, 2019 at 27.591757
The short term trend has been UP since Dec 3rd, 2019 at 27.773621
Smart Scan Analysis for CYPZAR
Based on a pre-defined weighted trend formula for chart analysis, CYPZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).