Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CYPZAR
The long term trend has been DOWN since Dec 18th, 2019 at 27.210500
The intermediate term trend has been UP since Jan 14th, 2020 at 27.553075
The short term trend has been DOWN since Feb 4th, 2020 at 27.772356
Smart Scan Analysis for CYPZAR
Based on a pre-defined weighted trend formula for chart analysis, CYPZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).