Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
South African Rand/Israeli Shekel (FOREX:ZARILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 ZARILS
The long term trend has been DOWN since May 18th, 2018 at 0.283525
The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.267990
The short term trend has been UP since Sep 19th, 2018 at 0.241840
Smart Scan Analysis for ZARILS
Based on a pre-defined weighted trend formula for chart analysis, ZARILS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).