Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 MURZAR
The long term trend has been DOWN since Jun 19th, 2019 at 0.398530
The intermediate term trend has been DOWN since Jun 18th, 2019 at 0.404715
The short term trend has been UP since Jun 24th, 2019 at 0.405235
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).