Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
South African Rand/Swedish Krona (FOREX:ZARSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 ZARSEK
The long term trend has been DOWN since Aug 12th, 2019 at 0.62329000
The intermediate term trend has been DOWN since Oct 30th, 2019 at 0.64652000
The short term trend has been UP since Nov 14th, 2019 at 0.65606222
Smart Scan Analysis for ZARSEK
Based on a pre-defined weighted trend formula for chart analysis, ZARSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).