Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
South African Rand/Icelandic Krona (FOREX:ZARISK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 Apr 6th, 2018 at 8.2232
The intermediate term trend has been DOWN since Jun 7th, 2018 at 8.1537
The short term trend has been UP since Jun 21st, 2018 at 8.0432
Smart Scan Analysis for ZARISK
Based on a pre-defined weighted trend formula for chart analysis, ZARISK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).