Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
South African Rand/Brazilian Real (FOREX:ZARBRL)
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 ZARBRL
The long term trend has been UP since Sep 2nd, 2019 at 0.274455
The intermediate term trend has been UP since Oct 17th, 2019 at 0.281345
The short term trend has been DOWN since Oct 17th, 2019 at 0.277739
Smart Scan Analysis for ZARBRL
Based on a pre-defined weighted trend formula for chart analysis, ZARBRL scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).