Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
South African Rand/Swaziland Lilangeni (FOREX:ZARSZL)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 ZARSZL
The long term trend has been DOWN since Dec 4th, 2018 at 0.990110
The intermediate term trend has been DOWN since Feb 18th, 2019 at 0.998920
The short term trend has been DOWN since Feb 21st, 2019 at 0.997015
Smart Scan Analysis for ZARSZL
Based on a pre-defined weighted trend formula for chart analysis, ZARSZL scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).