Forex Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
South African Rand/Colombian Peso (FOREX:ZARCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 ZARCOP
The long term trend has been UP since May 24th, 2019 at 233.320
The intermediate term trend has been UP since Jul 1st, 2019 at 227.535
The short term trend has been UP since Jul 11th, 2019 at 229.335
Smart Scan Analysis for ZARCOP
Based on a pre-defined weighted trend formula for chart analysis, ZARCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).