Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
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 ZARSGD
The long term trend has been UP since Dec 18th, 2019 at 0.09491000
The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.09360123
The short term trend has been DOWN since Jan 13th, 2020 at 0.09379596
Smart Scan Analysis for ZARSGD
Based on a pre-defined weighted trend formula for chart analysis, ZARSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).