Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
South African Rand/Tunisian Dinar (FOREX:ZARTND)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 ZARTND
The long term trend has been UP since Nov 7th, 2018 at 0.205835
The intermediate term trend has been DOWN since Apr 23rd, 2019 at 0.211485
The short term trend has been DOWN since May 17th, 2019 at 0.210340
Smart Scan Analysis for ZARTND
Based on a pre-defined weighted trend formula for chart analysis, ZARTND scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).