Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
South African Rand/Malaysian Ringt (FOREX:ZARMYR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jan 30th, 2019 at 0.307755
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.295740
The short term trend has been DOWN since Feb 4th, 2019 at 0.305375
Smart Scan Analysis for ZARMYR
Based on a pre-defined weighted trend formula for chart analysis, ZARMYR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).