Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Tunisian Dinar/South African Rand (FOREX:TNDZAR)
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 TNDZAR
The long term trend has been UP since May 28th, 2019 at 4.88760
The intermediate term trend has been UP since Jul 26th, 2019 at 4.94295
The short term trend has been DOWN since Aug 15th, 2019 at 5.31995
Smart Scan Analysis for TNDZAR
Based on a pre-defined weighted trend formula for chart analysis, TNDZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).