Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
South African Rand/Omani Rial (FOREX:ZAROMR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZAROMR
The long term trend has been UP since Dec 18th, 2017 at 0.030205
The intermediate term trend has been DOWN since Mar 19th, 2018 at 0.032025
The short term trend has been UP since Mar 21st, 2018 at 0.032300
Smart Scan Analysis for ZAROMR
Based on a pre-defined weighted trend formula for chart analysis, ZAROMR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).