Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
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 PKRZAR
The long term trend has been DOWN since Nov 6th, 2018 at 0.105865
The intermediate term trend has been DOWN since Sep 26th, 2018 at 0.114735
The short term trend has been DOWN since Dec 12th, 2018 at 0.101290
Smart Scan Analysis for PKRZAR
Based on a pre-defined weighted trend formula for chart analysis, PKRZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).