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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

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

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.

FOREX_CNYZAR
Open High Low CNYZAR Price Change
2.05690 2.06330 2.04445 2.04445 -0.01245
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 Sep 24th, 2018 at 2.07340

short term down The short term trend has been DOWN since Oct 9th, 2018 at 2.13775

Smart Scan Analysis for CNYZAR

Based on a pre-defined weighted trend formula for chart analysis, CNYZAR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for CNYZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.05690 2.06330 2.04445 2.04445 -0.01245
Prev. Close Volume Bid Ask Time
2.05690 2.04420 2.04470 2018-10-18 05:51:09
Want to analyze Chinese Renminbi Yuan/South African Rand CNYZAR or another symbol? Try our Free Forex Trend Analysis Report.