Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
South African Rand/US Dollar (FOREX:ZARUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 ZARUSD
The long term trend has been DOWN since Mar 28th, 2019 at 0.068064
The intermediate term trend has been DOWN since Apr 25th, 2019 at 0.068978
The short term trend has been DOWN since May 17th, 2019 at 0.069750
Smart Scan Analysis for ZARUSD
Based on a pre-defined weighted trend formula for chart analysis, ZARUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).