Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
South African Rand/Rwandan Franc (FOREX:ZARRWF)
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 ZARRWF
The long term trend has been DOWN since Aug 11th, 2019 at 60.308
The intermediate term trend has been UP since Sep 12th, 2019 at 60.555
The short term trend has been UP since Aug 23rd, 2019 at 60.249
Smart Scan Analysis for ZARRWF
Based on a pre-defined weighted trend formula for chart analysis, ZARRWF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).