Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NZDZAR
The long term trend has been DOWN since Jan 16th, 2019 at 9.2632
The intermediate term trend has been UP since Feb 13th, 2019 at 9.4697
The short term trend has been UP since Feb 11th, 2019 at 9.2496
Smart Scan Analysis for NZDZAR
Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).