Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
South African Rand/Brazilian Real (FOREX:ZARBRL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ZARBRL
The long term trend has been DOWN since Jun 5th, 2019 at 0.260850
The intermediate term trend has been UP since Jun 27th, 2019 at 0.272200
The short term trend has been UP since Jul 15th, 2019 at 0.270185
Smart Scan Analysis for ZARBRL
Based on a pre-defined weighted trend formula for chart analysis, ZARBRL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).