Forex Trend Analysis Report
Prepared for you on Tuesday, April 24, 2018.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
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 PKRZAR
The long term trend has been DOWN since Dec 15th, 2017 at 0.120820
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.105165
The short term trend has been UP since Apr 20th, 2018 at 0.104275
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).