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Forex Trend Analysis Report

Prepared for you on Thursday, January 18, 2018.

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

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
1.91225 1.91775 1.88470 1.88750 -0.02475
Entry Signal

MarketClub’s Trade Triangles for CNYZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 1.95365

intermediate term down The intermediate term trend has been DOWN since Nov 19th, 2017 at 2.10515

short term down The short term trend has been DOWN since Jan 16th, 2018 at 1.90695

Smart Scan Analysis for CNYZAR

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

-100
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.91225 1.91775 1.88470 1.88750 -0.02475
Prev. Close Volume Bid Ask Time
1.91225 1.88520 1.88980 2018-01-18 18:56:03
Want to analyze Chinese Renminbi Yuan/South African Rand CNYZAR or another symbol? Try our Free Forex Trend Analysis Report.