Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
/South African Rand (FOREX:MZNZAR)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MZNZAR
The long term trend has been UP since Aug 8th, 2019 at 0.28764000
The intermediate term trend has been UP since Dec 10th, 2019 at 0.28157915
The short term trend has been UP since Dec 10th, 2019 at 0.27929164
Smart Scan Analysis for MZNZAR
Based on a pre-defined weighted trend formula for chart analysis, MZNZAR scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).