Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
South African Rand/Hong Kong Dollar (FOREX:ZARHKD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 ZARHKD
The long term trend has been DOWN since Aug 8th, 2019 at 0.516760
The intermediate term trend has been DOWN since Jul 29th, 2019 at 0.546035
The short term trend has been UP since Jul 31st, 2019 at 0.553370
Smart Scan Analysis for ZARHKD
Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).