Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ZARJPY
The long term trend has been DOWN since Jan 2nd, 2019 at 7.51185
The intermediate term trend has been DOWN since Feb 14th, 2019 at 7.81330
The short term trend has been DOWN since Feb 6th, 2019 at 8.17530
Smart Scan Analysis for ZARJPY
Based on a pre-defined weighted trend formula for chart analysis, ZARJPY scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).