Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
South African Rand/Argentine Peso (FOREX:ZARARS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 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 DOWN since Sep 16th, 2019 at 3.81930
Smart Scan Analysis for ZARARS
Based on a pre-defined weighted trend formula for chart analysis, ZARARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).