Future Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
EURO/SO AFR. RAND JUNE 2019 (ICE:@YZ.M19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 @YZ.M19
The long term trend has been DOWN since Nov 23rd, 2018 at 16.46250
The intermediate term trend has been DOWN since May 16th, 2019 at 16.05600
The short term trend has been DOWN since May 9th, 2019 at 16.21225
Smart Scan Analysis for @YZ.M19
Based on a pre-defined weighted trend formula for chart analysis, @YZ.M19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2019||52wk Low||15.9395|
|52wk Low Date||2019-04-15||Volatility||11.69|