Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 ZARCNY
The long term trend has been DOWN since Apr 23rd, 2018 at 0.51800
The intermediate term trend has been UP since Jun 19th, 2019 at 0.47963
The short term trend has been UP since Jun 10th, 2019 at 0.46554
Smart Scan Analysis for ZARCNY
Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).