Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
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 ZARAED
The long term trend has been DOWN since Mar 28th, 2019 at 0.249980
The intermediate term trend has been DOWN since Apr 25th, 2019 at 0.253370
The short term trend has been UP since Jun 10th, 2019 at 0.247345
Smart Scan Analysis for ZARAED
Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).