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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2017.

Euro/South African Rand (FOREX:EURZAR)

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_EURZAR
Open High Low EURZAR Price Change
16.074851 16.114705 16.068490 16.108151 +0.033300
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long term trend has been UP since Apr 3rd, 2017 at 14.643000

intermediate term down The intermediate term trend has been DOWN since Nov 28th, 2017 at 16.287055

short term down The short term trend has been DOWN since Nov 27th, 2017 at 16.373485

Smart Scan Analysis for EURZAR

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

-60
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.074851 16.114705 16.068490 16.108151 +0.033300
Prev. Close Volume Bid Ask Time
16.074851 16.104561 16.111740 2017-12-11 04:26:56
Want to analyze Euro/South African Rand EURZAR or another symbol? Try our Free Forex Trend Analysis Report.