Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
South African Rand/Indian Rupee (FOREX:ZARINR)
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 ZARINR
The long term trend has been UP since Nov 7th, 2018 at 5.20090
The intermediate term trend has been DOWN since Dec 11th, 2018 at 4.98605
The short term trend has been DOWN since Dec 17th, 2018 at 4.98030
Smart Scan Analysis for ZARINR
Based on a pre-defined weighted trend formula for chart analysis, ZARINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).