Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
South African Rand/Indian Rupee (FOREX:ZARINR)
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 ZARINR
The long term trend has been UP since Nov 7th, 2018 at 5.20090
The intermediate term trend has been DOWN since Feb 13th, 2019 at 5.09555
The short term trend has been UP since Feb 21st, 2019 at 5.09850
Smart Scan Analysis for ZARINR
Based on a pre-defined weighted trend formula for chart analysis, ZARINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).