Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
South African Rand/Argentine Peso (FOREX:ZARARS)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 1.3504000
The intermediate term trend has been UP since Oct 13th, 2019 at 3.8686500
The short term trend has been UP since Nov 14th, 2019 at 4.0352179
Smart Scan Analysis for ZARARS
Based on a pre-defined weighted trend formula for chart analysis, ZARARS scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).