Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
South African Rand/Special Drawing Right (FOREX:ZARSDR)
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 ZARSDR
The long term trend has been DOWN since Aug 11th, 2019 at 0.047931
The intermediate term trend has been UP since Sep 5th, 2019 at 0.048102
The short term trend has been DOWN since Sep 18th, 2019 at 0.049810
Smart Scan Analysis for ZARSDR
Based on a pre-defined weighted trend formula for chart analysis, ZARSDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).