Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
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 UP since Apr 4th, 2017 at 0.384505
The intermediate term trend has been UP since Oct 26th, 2017 at 0.407550
The short term trend has been DOWN since Nov 17th, 2017 at 0.419430
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).