Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
South African Rand/Special Drawing Right (FOREX:ZARSDR)
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 ZARSDR
The long term trend has been UP since Dec 13th, 2019 at 0.05029700
The intermediate term trend has been DOWN since Jan 12th, 2020 at 0.05083163
The short term trend has been DOWN since Jan 6th, 2020 at 0.05136548
Smart Scan Analysis for ZARSDR
Based on a pre-defined weighted trend formula for chart analysis, ZARSDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).