Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
South African Rand/Tanzanian Shilling (FOREX:ZARTZS)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZARTZS
The long term trend has been UP since Dec 13th, 2019 at 158.81158
The intermediate term trend has been DOWN since Jan 13th, 2020 at 159.47307
The short term trend has been UP since Jan 22nd, 2020 at 160.17423
Smart Scan Analysis for ZARTZS
Based on a pre-defined weighted trend formula for chart analysis, ZARTZS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).