Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
South African Rand/Romanian Leu (FOREX:ZARRON)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 ZARRON
The long term trend has been UP since Dec 13th, 2019 at 0.29725748
The intermediate term trend has been DOWN since Jan 14th, 2020 at 0.29650182
The short term trend has been DOWN since Jan 13th, 2020 at 0.29831693
Smart Scan Analysis for ZARRON
Based on a pre-defined weighted trend formula for chart analysis, ZARRON scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).