Forex Trend Analysis Report
Prepared for you on Friday, February 15, 2019.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
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 ZARCAD
The long term trend has been UP since Jan 25th, 2019 at 0.097560
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.095461
The short term trend has been DOWN since Feb 4th, 2019 at 0.097990
Smart Scan Analysis for ZARCAD
Based on a pre-defined weighted trend formula for chart analysis, ZARCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).