Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
US Dollar/ (FOREX:USDZMW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDZMW
The long term trend has been UP since May 1st, 2018 at 9.7871
The intermediate term trend has been DOWN since May 26th, 2019 at 12.7490
The short term trend has been UP since Jul 17th, 2019 at 12.5180
Smart Scan Analysis for USDZMW
Based on a pre-defined weighted trend formula for chart analysis, USDZMW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).