Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Saudi Arabian Riyal/Pakistani Rupee (FOREX:SARPKR)
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 SARPKR
The long term trend has been UP since Jan 18th, 2019 at 37.2940
The intermediate term trend has been UP since May 9th, 2019 at 37.8060
The short term trend has been UP since May 9th, 2019 at 37.7515
Smart Scan Analysis for SARPKR
Based on a pre-defined weighted trend formula for chart analysis, SARPKR scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).