Forex Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
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 ZARMYR
The long term trend has been DOWN since Nov 9th, 2017 at 0.295820
The intermediate term trend has been UP since Nov 30th, 2017 at 0.300445
The short term trend has been UP since Dec 13th, 2017 at 0.300215
Smart Scan Analysis for ZARMYR
Based on a pre-defined weighted trend formula for chart analysis, ZARMYR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).