Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
South African Rand/Chinese Yuan Renminbi (FOREX:ZARCNY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 ZARCNY
The long term trend has been DOWN since Apr 23rd, 2018 at 0.51800
The intermediate term trend has been UP since May 10th, 2019 at 0.48245
The short term trend has been DOWN since May 17th, 2019 at 0.48003
Smart Scan Analysis for ZARCNY
Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).