Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
South African Rand/Czech Koruna (FOREX:ZARCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ZARCZK
The long term trend has been UP since Nov 29th, 2018 at 1.66615
The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.61370
The short term trend has been UP since Feb 11th, 2019 at 1.67675
Smart Scan Analysis for ZARCZK
Based on a pre-defined weighted trend formula for chart analysis, ZARCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).