Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
South African Rand/US Dollar (FOREX:ZARUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 ZARUSD
The long term trend has been DOWN since Aug 7th, 2019 at 0.065902
The intermediate term trend has been DOWN since Jul 26th, 2019 at 0.070048
The short term trend has been UP since Aug 21st, 2019 at 0.065760
Smart Scan Analysis for ZARUSD
Based on a pre-defined weighted trend formula for chart analysis, ZARUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).