Forex Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MURZAR
The long term trend has been DOWN since Dec 19th, 2017 at 0.385495
The intermediate term trend has been UP since May 20th, 2018 at 0.371350
The short term trend has been UP since May 15th, 2018 at 0.358450
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).