Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Saudi Arabian Riyal/Pakistani Rupee (FOREX:SARPKR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SARPKR
The long term trend has been UP since Jan 18th, 2019 at 37.2940
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 42.2250
The short term trend has been DOWN since Aug 16th, 2019 at 42.7125
Smart Scan Analysis for SARPKR
Based on a pre-defined weighted trend formula for chart analysis, SARPKR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).