Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
South African Rand/Israeli Shekel (FOREX:ZARILS)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Jul 9th, 2018 at 0.270750
The short term trend has been DOWN since Jul 18th, 2018 at 0.273015
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).