Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Aug 12th, 2018 at 0.116835
The intermediate term trend has been UP since Aug 9th, 2018 at 0.109675
The short term trend has been DOWN since Sep 12th, 2018 at 0.122275
Smart Scan Analysis for PKRZAR
Based on a pre-defined weighted trend formula for chart analysis, PKRZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).