Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
South African Rand/Pakistani Rupee (FOREX:ZARPKR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ZARPKR
The long term trend has been UP since Jan 25th, 2019 at 10.261000
The intermediate term trend has been DOWN since Oct 31st, 2019 at 10.254500
The short term trend has been UP since Nov 14th, 2019 at 10.549566
Smart Scan Analysis for ZARPKR
Based on a pre-defined weighted trend formula for chart analysis, ZARPKR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).