Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 MURZAR
The long term trend has been DOWN since Dec 2nd, 2019 at 0.39701961
The intermediate term trend has been UP since Jan 13th, 2020 at 0.39656165
The short term trend has been DOWN since Jan 22nd, 2020 at 0.39268578
Smart Scan Analysis for MURZAR
Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).