Forex Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
South African Rand/Pakistani Rupee (FOREX:ZARPKR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 ZARPKR
The long term trend has been DOWN since Apr 4th, 2017 at 7.52260
The intermediate term trend has been DOWN since Sep 18th, 2017 at 7.92985
The short term trend has been UP since Nov 15th, 2017 at 7.33685
Smart Scan Analysis for ZARPKR
Based on a pre-defined weighted trend formula for chart analysis, ZARPKR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).