Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
South African Rand/ (FOREX:ZARZMW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZARZMW
The long term trend has been UP since Sep 24th, 2018 at 0.821970
The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.855310
The short term trend has been UP since Mar 18th, 2019 at 0.834185
Smart Scan Analysis for ZARZMW
Based on a pre-defined weighted trend formula for chart analysis, ZARZMW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).