Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
South African Rand/Romanian Leu (FOREX:ZARRON)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 ZARRON
The long term trend has been DOWN since Aug 9th, 2019 at 0.27652000
The intermediate term trend has been DOWN since Oct 31st, 2019 at 0.28252000
The short term trend has been DOWN since Nov 11th, 2019 at 0.28998068
Smart Scan Analysis for ZARRON
Based on a pre-defined weighted trend formula for chart analysis, ZARRON scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).