Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
South African Rand/Mauritius Rupee (FOREX:ZARMUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 ZARMUR
The long term trend has been DOWN since Jun 6th, 2018 at 2.67890
The intermediate term trend has been UP since Jul 16th, 2018 at 2.60590
The short term trend has been DOWN since Jul 18th, 2018 at 2.58485
Smart Scan Analysis for ZARMUR
Based on a pre-defined weighted trend formula for chart analysis, ZARMUR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).