Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Indian Rupee/South African Rand (FOREX:INRZAR)
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 INRZAR
The long term trend has been UP since May 2nd, 2018 at 0.189660
The intermediate term trend has been DOWN since May 14th, 2018 at 0.181055
The short term trend has been DOWN since May 22nd, 2018 at 0.184080
Smart Scan Analysis for INRZAR
Based on a pre-defined weighted trend formula for chart analysis, INRZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).