Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
South African Rand/South Korean Won (FOREX:ZARKRW)
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 ZARKRW
The long term trend has been UP since Jan 30th, 2019 at 82.7045
The intermediate term trend has been DOWN since Jul 31st, 2019 at 82.6385
The short term trend has been UP since Aug 14th, 2019 at 80.1990
Smart Scan Analysis for ZARKRW
Based on a pre-defined weighted trend formula for chart analysis, ZARKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).