Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)
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 LKRZAR
The long term trend has been UP since May 1st, 2018 at 0.079365
The intermediate term trend has been DOWN since Sep 20th, 2018 at 0.086931
The short term trend has been DOWN since Oct 9th, 2018 at 0.086241
Smart Scan Analysis for LKRZAR
Based on a pre-defined weighted trend formula for chart analysis, LKRZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).