Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
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 NZDZAR
The long term trend has been DOWN since Jul 10th, 2019 at 9.28515
The intermediate term trend has been UP since Jul 26th, 2019 at 9.49450
The short term trend has been DOWN since Aug 16th, 2019 at 9.75035
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).