Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 RUBZAR
The long term trend has been DOWN since Jan 1st, 2020 at 0.22480597
The intermediate term trend has been UP since Jan 7th, 2020 at 0.23168245
The short term trend has been DOWN since Jan 16th, 2020 at 0.23398570
Smart Scan Analysis for RUBZAR
Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).