Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ZARNZD
The long term trend has been UP since Jul 10th, 2019 at 0.10767500
The intermediate term trend has been DOWN since Oct 31st, 2019 at 0.10350000
The short term trend has been DOWN since Nov 11th, 2019 at 0.10571804
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).