Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
US Dollar/Swaziland Lilangeni (FOREX:USDSZL)
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 USDSZL
The long term trend has been DOWN since Dec 2nd, 2018 at 13.8445
The intermediate term trend has been UP since Feb 15th, 2019 at 13.9040
The short term trend has been DOWN since Mar 20th, 2019 at 14.2770
Smart Scan Analysis for USDSZL
Based on a pre-defined weighted trend formula for chart analysis, USDSZL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).