Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Swaziland Lilangeni/Euro (FOREX:SZLEUR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SZLEUR
The long term trend has been DOWN since Aug 11th, 2019 at 0.058807
The intermediate term trend has been DOWN since Aug 5th, 2019 at 0.063137
The short term trend has been DOWN since Jul 28th, 2019 at 0.063880
Smart Scan Analysis for SZLEUR
Based on a pre-defined weighted trend formula for chart analysis, SZLEUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).