Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Russian Ruble/South African Rand (FOREX:RUBZAR)
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 RUBZAR
The long term trend has been UP since Mar 7th, 2019 at 0.218235
The intermediate term trend has been DOWN since Jun 30th, 2019 at 0.222480
The short term trend has been UP since Jul 17th, 2019 at 0.222295
Smart Scan Analysis for RUBZAR
Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).