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.
MarketClub’s Trade Triangles for ZARINR
The long term trend has been DOWN since May 1st, 2018 at 5.2816
The intermediate term trend has been UP since Sep 20th, 2018 at 5.0003
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).