Forex Trend Analysis Report
Prepared for you on Tuesday, June 25, 2019.
South African Rand/Japanese Yen (FOREX:ZARJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 May 2nd, 2019 at 7.68100
The short term trend has been UP since Jun 10th, 2019 at 7.28980
Smart Scan Analysis for ZARJPY
Based on a pre-defined weighted trend formula for chart analysis, ZARJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).