Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
South African Rand/Icelandic Krona (FOREX:ZARISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ZARISK
The long term trend has been DOWN since Oct 3rd, 2017 at 7.71600
The intermediate term trend has been UP since Nov 28th, 2017 at 7.58240
The short term trend has been UP since Dec 13th, 2017 at 7.71785
Smart Scan Analysis for ZARISK
Based on a pre-defined weighted trend formula for chart analysis, ZARISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).