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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Chinese Renminbi Yuan/South African Rand (FOREX:CNYZAR)

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.

FOREX_CNYZAR
Open High Low CNYZAR Price Change
1.98070 1.98755 1.97650 1.98495 +0.00425
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term up The long term trend has been UP since Apr 23rd, 2018 at 1.93525

intermediate term down The intermediate term trend has been DOWN since Jul 6th, 2018 at 2.02875

short term down The short term trend has been DOWN since Jul 3rd, 2018 at 2.06270

Smart Scan Analysis for CNYZAR

Based on a pre-defined weighted trend formula for chart analysis, CNYZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.98070 1.98755 1.97650 1.98495 +0.00425
Prev. Close Volume Bid Ask Time
1.98070 1.98440 1.98550 2018-07-18 08:32:35
Want to analyze Chinese Renminbi Yuan/South African Rand CNYZAR or another symbol? Try our Free Forex Trend Analysis Report.