Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
/South African Rand (FOREX:ZMWZAR)
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 ZMWZAR
The long term trend has been UP since Aug 2nd, 2019 at 1.14290
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 1.15005
The short term trend has been DOWN since Sep 18th, 2019 at 1.10580
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).