Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
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 ZARUYU
The long term trend has been UP since Nov 7th, 2018 at 2.36385
The intermediate term trend has been DOWN since Feb 13th, 2019 at 2.33300
The short term trend has been DOWN since Feb 4th, 2019 at 2.42235
Smart Scan Analysis for ZARUYU
Based on a pre-defined weighted trend formula for chart analysis, ZARUYU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).