Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
South African Rand/Indonesian Rupiah (FOREX:ZARIDR)
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 ZARIDR
The long term trend has been UP since Dec 2nd, 2019 at 968.0550
The intermediate term trend has been DOWN since Jan 7th, 2020 at 960.6034
The short term trend has been UP since Jan 7th, 2020 at 983.9223
Smart Scan Analysis for ZARIDR
Based on a pre-defined weighted trend formula for chart analysis, ZARIDR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).