Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Sri Lankan Rupee/South African Rand (FOREX:LKRZAR)
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 LKRZAR
The long term trend has been DOWN since Dec 18th, 2017 at 0.083475
The intermediate term trend has been UP since Apr 6th, 2018 at 0.077525
The short term trend has been UP since Apr 22nd, 2018 at 0.077445
Smart Scan Analysis for LKRZAR
Based on a pre-defined weighted trend formula for chart analysis, LKRZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).