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Forex Trend Analysis Report

Prepared for you on Thursday, February 22, 2018.

Euro/South African Rand (FOREX:EURZAR)

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_EURZAR
Open High Low EURZAR Price Change
14.341625 14.415620 14.307000 14.391000 +0.049375
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long term trend has been DOWN since Dec 17th, 2017 at 15.20360

intermediate term down The intermediate term trend has been DOWN since Jan 24th, 2018 at 14.67475

short term down The short term trend has been DOWN since Feb 6th, 2018 at 14.72450

Smart Scan Analysis for EURZAR

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

-100
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.341625 14.415620 14.307000 14.391000 +0.049375
Prev. Close Volume Bid Ask Time
14.341625 14.386000 14.396000 2018-02-22 17:35:24
Want to analyze Euro/South African Rand EURZAR or another symbol? Try our Free Forex Trend Analysis Report.