Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
South African Rand/Icelandic Krona (FOREX:ZARISK)
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 ZARISK
The long term trend has been DOWN since Aug 5th, 2019 at 8.1653
The intermediate term trend has been UP since Aug 30th, 2019 at 8.2692
The short term trend has been DOWN since Sep 16th, 2019 at 8.5300
Smart Scan Analysis for ZARISK
Based on a pre-defined weighted trend formula for chart analysis, ZARISK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).