Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Cyprus Pound/South African Rand (FOREX:CYPZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Aug 9th, 2019 at 29.1835
The intermediate term trend has been UP since Aug 1st, 2019 at 27.3410
The short term trend has been DOWN since Aug 16th, 2019 at 28.8435
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).