Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
South African Rand/Czech Koruna (FOREX:ZARCZK)
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 ZARCZK
The long term trend has been UP since Nov 29th, 2018 at 1.66615
The intermediate term trend has been DOWN since May 1st, 2019 at 1.58865
The short term trend has been DOWN since May 17th, 2019 at 1.60020
Smart Scan Analysis for ZARCZK
Based on a pre-defined weighted trend formula for chart analysis, ZARCZK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).