Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
South African Rand/Special Drawing Right (FOREX:ZARSDR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jul 28th, 2019 at 0.050960
The short term trend has been DOWN since Jul 25th, 2019 at 0.051960
Smart Scan Analysis for ZARSDR
Based on a pre-defined weighted trend formula for chart analysis, ZARSDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).