Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 2019.
South African Rand/Canadian Dollar (FOREX:ZARCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Mar 14th, 2019 at 0.091820
The intermediate term trend has been UP since Oct 14th, 2019 at 0.089555
The short term trend has been UP since Oct 11th, 2019 at 0.088100
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).