Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ZARIDR
The long term trend has been DOWN since May 1st, 2018 at 1111.70
The intermediate term trend has been DOWN since Aug 9th, 2018 at 1059.70
The short term trend has been UP since Sep 12th, 2018 at 985.54
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).