Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Tunisian Dinar/South African Rand (FOREX:TNDZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Dec 16th, 2019 at 5.0747000
The intermediate term trend has been UP since Jan 6th, 2020 at 5.1284440
The short term trend has been DOWN since Jan 22nd, 2020 at 5.1195694
Smart Scan Analysis for TNDZAR
Based on a pre-defined weighted trend formula for chart analysis, TNDZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).