Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 RUBZAR
The long term trend has been DOWN since Dec 17th, 2017 at 0.222110
The intermediate term trend has been DOWN since Mar 23rd, 2018 at 0.204360
The short term trend has been UP since Apr 16th, 2018 at 0.196545
Smart Scan Analysis for RUBZAR
Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).