Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 ZARIDR
The long term trend has been DOWN since Oct 6th, 2017 at 981.370
The intermediate term trend has been UP since Nov 22nd, 2017 at 974.765
The short term trend has been UP since Jan 16th, 2018 at 1083.550
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).