Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
South African Rand/Argentine Peso (FOREX:ZARARS)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARARS
The long term trend has been UP since Dec 18th, 2017 at 1.35040
The intermediate term trend has been UP since Aug 13th, 2019 at 3.70845
The short term trend has been UP since Aug 22nd, 2019 at 3.62830
Smart Scan Analysis for ZARARS
Based on a pre-defined weighted trend formula for chart analysis, ZARARS scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).