Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
South African Rand/Euro (FOREX:ZAREUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 ZAREUR
The long term trend has been UP since Dec 18th, 2019 at 0.06279100
The intermediate term trend has been DOWN since Jan 14th, 2020 at 0.06201000
The short term trend has been DOWN since Jan 13th, 2020 at 0.06255768
Smart Scan Analysis for ZAREUR
Based on a pre-defined weighted trend formula for chart analysis, ZAREUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).