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Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
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MarketClub’s Trade Triangles for ZARIDR
The long term trend has been DOWN since Jan 27th, 2020 at 919.7424
The intermediate term trend has been DOWN since Jan 7th, 2020 at 960.6034
The short term trend has been DOWN since Jan 26th, 2020 at 940.6994
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 937.6170 | 938.4802 | 932.7004 | 934.9852 | -2.6318 |
| Prev. Close | Volume | Bid | Ask | Time |
| 937.6170 | 920.6415 | 949.3288 | 2020-01-29 07:43:19 |