Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
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.
MarketClub’s Trade Triangles for ZARMYR
The long term trend has been UP since Oct 3rd, 2019 at 0.29756000
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.28451788
The short term trend has been DOWN since Jan 27th, 2020 at 0.28105248
Smart Scan Analysis for ZARMYR
Based on a pre-defined weighted trend formula for chart analysis, ZARMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).