Forex Trend Analysis Report
Prepared for you on Monday, October 14, 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 Sep 24th, 2019 at 13.0605
The short term trend has been UP since Sep 26th, 2019 at 13.2015
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).