Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
South African Rand/Australian Dollar (FOREX:ZARAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 ZARAUD
The long term trend has been DOWN since Mar 28th, 2019 at 0.096060
The intermediate term trend has been UP since May 10th, 2019 at 0.100305
The short term trend has been DOWN since May 19th, 2019 at 0.100775
Smart Scan Analysis for ZARAUD
Based on a pre-defined weighted trend formula for chart analysis, ZARAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).