Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
South African Rand/ (FOREX:ZARGHS)
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 ZARGHS
The long term trend has been UP since Nov 29th, 2018 at 0.35989
The intermediate term trend has been UP since May 16th, 2019 at 0.36273
The short term trend has been UP since May 24th, 2019 at 0.36290
Smart Scan Analysis for ZARGHS
Based on a pre-defined weighted trend formula for chart analysis, ZARGHS scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).