Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Special Drawing Right/South African Rand (FOREX:SDRZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SDRZAR
The long term trend has been DOWN since Dec 13th, 2019 at 19.882000
The intermediate term trend has been UP since Jan 12th, 2020 at 19.672789
The short term trend has been UP since Jan 6th, 2020 at 19.468327
Smart Scan Analysis for SDRZAR
Based on a pre-defined weighted trend formula for chart analysis, SDRZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).