Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
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.
MarketClub’s Trade Triangles for ZARMYR
The long term trend has been DOWN since Jun 6th, 2019 at 0.276770
The intermediate term trend has been DOWN since Jul 26th, 2019 at 0.290095
The short term trend has been UP since Jul 31st, 2019 at 0.291565
Smart Scan Analysis for ZARMYR
Based on a pre-defined weighted trend formula for chart analysis, ZARMYR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).