Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
South African Rand/Russian Ruble (FOREX:ZARRUB)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ZARRUB
The long term trend has been UP since Dec 17th, 2017 at 4.50440
The intermediate term trend has been DOWN since Mar 4th, 2018 at 4.75095
The short term trend has been UP since Mar 20th, 2018 at 4.84035
Smart Scan Analysis for ZARRUB
Based on a pre-defined weighted trend formula for chart analysis, ZARRUB scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).