Forex Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
South African Rand/Omani Rial (FOREX:ZAROMR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ZAROMR
The long term trend has been DOWN since Sep 28th, 2017 at 0.028255
The intermediate term trend has been UP since Nov 22nd, 2017 at 0.027670
The short term trend has been UP since Dec 13th, 2017 at 0.028390
Smart Scan Analysis for ZAROMR
Based on a pre-defined weighted trend formula for chart analysis, ZAROMR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).