Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
South African Rand/ (FOREX:ZARCDF)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZARCDF
The long term trend has been UP since Dec 2nd, 2018 at 119.620
The intermediate term trend has been DOWN since Feb 15th, 2019 at 117.855
The short term trend has been UP since Mar 20th, 2019 at 114.260
Smart Scan Analysis for ZARCDF
Based on a pre-defined weighted trend formula for chart analysis, ZARCDF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).