Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
Russian Ruble/South African Rand (FOREX:RUBZAR)
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 RUBZAR
The long term trend has been UP since Jun 8th, 2018 at 0.21124
The intermediate term trend has been UP since May 15th, 2018 at 0.20201
The short term trend has been DOWN since Jul 13th, 2018 at 0.21272
Smart Scan Analysis for RUBZAR
Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).