Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
South African Rand/British Pound (FOREX:ZARGBP)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 ZARGBP
The long term trend has been DOWN since Mar 1st, 2019 at 0.053395
The intermediate term trend has been DOWN since Feb 14th, 2019 at 0.055180
The short term trend has been UP since Mar 20th, 2019 at 0.052570
Smart Scan Analysis for ZARGBP
Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).