Forex Trend Analysis Report
Prepared for you on Tuesday, June 18, 2019.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ZARRWF
The long term trend has been DOWN since May 28th, 2019 at 62.1365
The intermediate term trend has been DOWN since May 28th, 2019 at 62.8060
The short term trend has been UP since Jun 13th, 2019 at 60.4295
Smart Scan Analysis for ZARRWF
Based on a pre-defined weighted trend formula for chart analysis, ZARRWF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).