Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 ZARAED
The long term trend has been UP since Dec 3rd, 2018 at 0.269850
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.262740
The short term trend has been DOWN since Feb 4th, 2019 at 0.274455
Smart Scan Analysis for ZARAED
Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).