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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.

FOREX_ZARMUR
Open High Low ZARMUR Price Change
2.39690 2.40835 2.39690 2.40835 +0.01145
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term down The long term trend has been DOWN since Jun 6th, 2018 at 2.6789

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 2.4059

short term up 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).

+70
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.39690 2.40835 2.39690 2.40835 +0.01145
Prev. Close Volume Bid Ask Time
2.39690 2.31790 2.49880 2018-10-21 20:20:57
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