Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
South African Rand/Icelandic Krona (FOREX:ZARISK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Sep 19th, 2017 at 7.95355
The short term trend has been DOWN since Oct 18th, 2017 at 7.82905
Smart Scan Analysis for ZARISK
Based on a pre-defined weighted trend formula for chart analysis, ZARISK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).