Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
/South African Rand (FOREX:ZMWZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 ZMWZAR
The long term trend has been DOWN since Sep 24th, 2018 at 1.21065
The intermediate term trend has been UP since Feb 11th, 2019 at 1.16845
The short term trend has been UP since Feb 20th, 2019 at 1.19840
Smart Scan Analysis for ZMWZAR
Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).