Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ZARUYU
The long term trend has been UP since Oct 22nd, 2019 at 2.5494500
The intermediate term trend has been DOWN since Jan 5th, 2020 at 2.6045810
The short term trend has been DOWN since Jan 13th, 2020 at 2.5999393
Smart Scan Analysis for ZARUYU
Based on a pre-defined weighted trend formula for chart analysis, ZARUYU scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).