Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
South African Rand/Tanzanian Shilling (FOREX:ZARTZS)
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 ZARTZS
The long term trend has been DOWN since May 28th, 2019 at 157.690
The intermediate term trend has been DOWN since Jul 26th, 2019 at 161.045
The short term trend has been UP since Aug 21st, 2019 at 151.155
Smart Scan Analysis for ZARTZS
Based on a pre-defined weighted trend formula for chart analysis, ZARTZS scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).