Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ZARMUR
The long term trend has been DOWN since Jun 6th, 2018 at 2.6789
The intermediate term trend has been UP since Sep 24th, 2018 at 2.4059
The short term trend has been UP since Oct 9th, 2018 at 2.3438
Smart Scan Analysis for ZARMUR
Based on a pre-defined weighted trend formula for chart analysis, ZARMUR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).