Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/South African Rand (FOREX:EURZAR)
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 EURZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 15.489035
The intermediate term trend has been UP since Feb 14th, 2019 at 15.883425
The short term trend has been DOWN since Mar 20th, 2019 at 16.297460
Smart Scan Analysis for EURZAR
Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).