Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Indian Rupee/South African Rand (FOREX:INRZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 INRZAR
The long term trend has been DOWN since Nov 7th, 2018 at 0.19185
The intermediate term trend has been UP since Feb 13th, 2019 at 0.19630
The short term trend has been UP since Feb 20th, 2019 at 0.19878
Smart Scan Analysis for INRZAR
Based on a pre-defined weighted trend formula for chart analysis, INRZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).