Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 ZARNZD
The long term trend has been UP since Jul 10th, 2019 at 0.107675
The intermediate term trend has been UP since Sep 2nd, 2019 at 0.104735
The short term trend has been UP since Aug 21st, 2019 at 0.102375
Smart Scan Analysis for ZARNZD
Based on a pre-defined weighted trend formula for chart analysis, ZARNZD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).