Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Euro/South African Rand (FOREX:EURZAR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 EURZAR
The long term trend has been UP since Aug 9th, 2019 at 17.0810
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 16.6549
The short term trend has been DOWN since Aug 29th, 2019 at 16.8860
Smart Scan Analysis for EURZAR
Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).