Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
South African Rand/Singapore Dollar (FOREX:ZARSGD)
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 ZARSGD
The long term trend has been DOWN since Mar 14th, 2019 at 0.093194
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.097280
The short term trend has been UP since Mar 21st, 2019 at 0.095033
Smart Scan Analysis for ZARSGD
Based on a pre-defined weighted trend formula for chart analysis, ZARSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).