Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 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 May 28th, 2019 at 0.285170
The short term trend has been UP since Jun 10th, 2019 at 0.281115
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).