Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
/South African Rand (FOREX:GHSZAR)
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 GHSZAR
The long term trend has been DOWN since Nov 29th, 2018 at 2.77865
The intermediate term trend has been UP since Jun 6th, 2019 at 2.79970
The short term trend has been DOWN since Jun 13th, 2019 at 2.76820
Smart Scan Analysis for GHSZAR
Based on a pre-defined weighted trend formula for chart analysis, GHSZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).