Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
US Dollar/South African Rand (FOREX:USDZAR)
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 USDZAR
The long term trend has been DOWN since Dec 12th, 2019 at 14.50475
The intermediate term trend has been UP since Jan 13th, 2020 at 14.45120
The short term trend has been UP since Jan 27th, 2020 at 14.46527
Smart Scan Analysis for USDZAR
Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).