Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
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 ZARNZD
The long term trend has been UP since Jul 10th, 2019 at 0.107675
The intermediate term trend has been DOWN since Aug 1st, 2019 at 0.105330
The short term trend has been UP since Aug 16th, 2019 at 0.102560
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).