Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZARLKR
The long term trend has been DOWN since May 1st, 2018 at 12.6005
The intermediate term trend has been UP since Jul 9th, 2018 at 11.9190
The short term trend has been DOWN since Jul 19th, 2018 at 11.9560
Smart Scan Analysis for ZARLKR
Based on a pre-defined weighted trend formula for chart analysis, ZARLKR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).