Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NZDZAR
The long term trend has been UP since Mar 14th, 2019 at 9.94260
The intermediate term trend has been DOWN since May 10th, 2019 at 9.37135
The short term trend has been DOWN since May 7th, 2019 at 9.49320
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).