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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

South African Rand/Mauritius Rupee (FOREX:ZARMUR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_ZARMUR
Open High Low ZARMUR Price Change
2.45455 2.46270 2.43180 2.43240 -0.02215
Entry Signal

MarketClub’s Trade Triangles for ZARMUR

long term down The long term trend has been DOWN since Aug 11th, 2019 at 2.34200

intermediate term up The intermediate term trend has been UP since Sep 2nd, 2019 at 2.38425

short term down The short term trend has been DOWN since Sep 19th, 2019 at 2.45340

Smart Scan Analysis for ZARMUR

Based on a pre-defined weighted trend formula for chart analysis, ZARMUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZARMUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.45455 2.46270 2.43180 2.43240 -0.02215
Prev. Close Volume Bid Ask Time
2.45455 2.34100 2.52380 2019-09-20 11:12:48
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