Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
South African Rand/Russian Ruble (FOREX:ZARRUB)
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 ZARRUB
The long term trend has been UP since Dec 17th, 2017 at 4.50440
The intermediate term trend has been DOWN since May 15th, 2018 at 4.95000
The short term trend has been UP since May 23rd, 2018 at 4.90405
Smart Scan Analysis for ZARRUB
Based on a pre-defined weighted trend formula for chart analysis, ZARRUB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).