Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
South African Rand/Swiss Franc (FOREX:ZARCHF)
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 ZARCHF
The long term trend has been UP since Dec 3rd, 2018 at 0.073230
The intermediate term trend has been DOWN since Feb 14th, 2019 at 0.071291
The short term trend has been DOWN since Feb 6th, 2019 at 0.074249
Smart Scan Analysis for ZARCHF
Based on a pre-defined weighted trend formula for chart analysis, ZARCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).