Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 ZARLKR
The long term trend has been UP since Oct 24th, 2018 at 12.2015
The intermediate term trend has been UP since Jan 3rd, 2019 at 12.7760
The short term trend has been UP since Jan 3rd, 2019 at 12.7645
Smart Scan Analysis for ZARLKR
Based on a pre-defined weighted trend formula for chart analysis, ZARLKR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).