Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2017.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
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 MURZAR
The long term trend has been UP since Apr 4th, 2017 at 0.384505
The intermediate term trend has been DOWN since Sep 1st, 2017 at 0.393400
The short term trend has been DOWN since Sep 22nd, 2017 at 0.396320
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).