Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
South African Rand/Hong Kong Dollar (FOREX:ZARHKD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ZARHKD
The long term trend has been UP since Dec 3rd, 2018 at 0.57476
The intermediate term trend has been UP since Jan 4th, 2019 at 0.55581
The short term trend has been DOWN since Jan 18th, 2019 at 0.56685
Smart Scan Analysis for ZARHKD
Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).