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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

South African Rand/Indian Rupee (FOREX:ZARINR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

FOREX_ZARINR
Open High Low ZARINR Price Change
5.17380 5.18735 5.15345 5.16625 -0.00755
Entry Signal

MarketClub’s Trade Triangles for ZARINR

long term down The long term trend has been DOWN since May 1st, 2018 at 5.2816

intermediate term up The intermediate term trend has been UP since Sep 20th, 2018 at 5.0003

short term up The short term trend has been UP since Oct 9th, 2018 at 5.0341

Smart Scan Analysis for ZARINR

Based on a pre-defined weighted trend formula for chart analysis, ZARINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for ZARINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.17380 5.18735 5.15345 5.16625 -0.00755
Prev. Close Volume Bid Ask Time
5.17380 5.16590 5.16660 2018-10-17 07:20:29
Want to analyze South African Rand/Indian Rupee ZARINR or another symbol? Try our Free Forex Trend Analysis Report.