Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 MURZAR
The long term trend has been DOWN since Dec 2nd, 2019 at 0.39701961
The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.40839500
The short term trend has been UP since Dec 6th, 2019 at 0.40310511
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).