Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
South African Rand/Swiss Franc (FOREX:ZARCHF)
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 ZARCHF
The long term trend has been DOWN since May 29th, 2019 at 0.067552
The intermediate term trend has been UP since Jun 30th, 2019 at 0.069500
The short term trend has been UP since Jul 19th, 2019 at 0.071200
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).