Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
South African Rand/Uruguayan Peso (FOREX:ZARUYU)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Nov 7th, 2018 at 2.36385
The intermediate term trend has been UP since Mar 29th, 2019 at 2.35160
The short term trend has been DOWN since May 23rd, 2019 at 2.43090
Smart Scan Analysis for ZARUYU
Based on a pre-defined weighted trend formula for chart analysis, ZARUYU scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).