Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
South African Rand/Botswana Pula (FOREX:ZARBWP)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZARBWP
The long term trend has been UP since Dec 3rd, 2018 at 0.771285
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.753915
The short term trend has been UP since Mar 20th, 2019 at 0.745170
Smart Scan Analysis for ZARBWP
Based on a pre-defined weighted trend formula for chart analysis, ZARBWP scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).