Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Paraguayan Guarani/South African Rand (FOREX:PYGZAR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 PYGZAR
The long term trend has been DOWN since Jan 13th, 2019 at 0.002303
The intermediate term trend has been UP since Feb 15th, 2019 at 0.002301
The short term trend has been UP since Feb 5th, 2019 at 0.002204
Smart Scan Analysis for PYGZAR
Based on a pre-defined weighted trend formula for chart analysis, PYGZAR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).