Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
US Dollar/ (FOREX:USDZMW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 USDZMW
The long term trend has been UP since May 1st, 2018 at 9.7871
The intermediate term trend has been DOWN since Jan 7th, 2019 at 11.8955
The short term trend has been DOWN since Feb 6th, 2019 at 11.9095
Smart Scan Analysis for USDZMW
Based on a pre-defined weighted trend formula for chart analysis, USDZMW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).