Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
South African Rand/ (FOREX:ZARCDF)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 DOWN since Aug 11th, 2019 at 109.33
The intermediate term trend has been UP since Sep 2nd, 2019 at 109.00
The short term trend has been UP since Aug 23rd, 2019 at 108.46
Smart Scan Analysis for ZARCDF
Based on a pre-defined weighted trend formula for chart analysis, ZARCDF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).