Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
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 May 1st, 2018 at 0.030760
The intermediate term trend has been UP since Jul 9th, 2018 at 0.028755
The short term trend has been UP since Jul 12th, 2018 at 0.029048
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).