Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Russian Ruble/South African Rand (FOREX:RUBZAR)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 RUBZAR
The long term trend has been UP since Mar 7th, 2019 at 0.218235
The intermediate term trend has been UP since May 20th, 2019 at 0.223295
The short term trend has been UP since May 15th, 2019 at 0.219895
Smart Scan Analysis for RUBZAR
Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).