Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
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 ZARIDR
The long term trend has been DOWN since May 1st, 2018 at 1111.70
The intermediate term trend has been DOWN since Dec 6th, 2018 at 1016.35
The short term trend has been UP since Dec 12th, 2018 at 1029.45
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).