Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 23rd, 2018 at 1130.60
The short term trend has been DOWN since Jun 15th, 2018 at 1042.25
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).