Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
South African Rand/Ugandan Shilling (FOREX:ZARUGX)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ZARUGX
The long term trend has been UP since Jan 30th, 2019 at 272.320
The intermediate term trend has been DOWN since Feb 15th, 2019 at 264.835
The short term trend has been DOWN since Mar 3rd, 2019 at 262.275
Smart Scan Analysis for ZARUGX
Based on a pre-defined weighted trend formula for chart analysis, ZARUGX scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).