Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Mauritius Rupee/South African Rand (FOREX:MURZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 UP since Aug 12th, 2019 at 0.427590
The intermediate term trend has been DOWN since Oct 14th, 2019 at 0.408395
The short term trend has been UP since Oct 17th, 2019 at 0.411430
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).