Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
Special Drawing Right/South African Rand (FOREX:SDRZAR)
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 SDRZAR
The long term trend has been UP since Aug 11th, 2019 at 20.863
The intermediate term trend has been DOWN since Sep 5th, 2019 at 20.789
The short term trend has been DOWN since Aug 23rd, 2019 at 20.917
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).