Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
South African Rand/Icelandic Krona (FOREX:ZARISK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 ZARISK
The long term trend has been UP since Dec 20th, 2017 at 8.32510
The intermediate term trend has been DOWN since Mar 7th, 2018 at 8.37665
The short term trend has been DOWN since Feb 27th, 2018 at 8.59825
Smart Scan Analysis for ZARISK
Based on a pre-defined weighted trend formula for chart analysis, ZARISK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).