Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
South African Rand/Australian Dollar (FOREX:ZARAUD)
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 ZARAUD
The long term trend has been UP since Jul 10th, 2019 at 0.102280
The intermediate term trend has been UP since Jun 18th, 2019 at 0.100295
The short term trend has been DOWN since Jul 17th, 2019 at 0.101855
Smart Scan Analysis for ZARAUD
Based on a pre-defined weighted trend formula for chart analysis, ZARAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).