Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Tunisian Dinar/South African Rand (FOREX:TNDZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Nov 7th, 2018 at 4.85820
The intermediate term trend has been UP since Apr 23rd, 2019 at 4.74515
The short term trend has been UP since May 17th, 2019 at 4.76880
Smart Scan Analysis for TNDZAR
Based on a pre-defined weighted trend formula for chart analysis, TNDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).