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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

South African Rand/Mauritius Rupee (FOREX:ZARMUR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_ZARMUR
Open High Low ZARMUR Price Change
2.5233482 2.5389533 2.5233482 2.5279639 +0.0046160
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term up The long term trend has been UP since Dec 2nd, 2019 at 2.5222067

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 2.5251076

short term down The short term trend has been DOWN since Jan 27th, 2020 at 2.5315056

Smart Scan Analysis for ZARMUR

Based on a pre-defined weighted trend formula for chart analysis, ZARMUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5233482 2.5389533 2.5233482 2.5279639 +0.0046160
Prev. Close Volume Bid Ask Time
2.5233482 2.4345432 2.6213846 2020-01-29 05:47:32
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