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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Euro/South African Rand (FOREX:EURZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
16.320000 16.327000 16.230720 16.252365 -0.067635
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 15.167600

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 16.726875

short term up The short term trend has been UP since Nov 9th, 2018 at 16.268000

Smart Scan Analysis for EURZAR

Based on a pre-defined weighted trend formula for chart analysis, EURZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.320000 16.327000 16.230720 16.252365 -0.067635
Prev. Close Volume Bid Ask Time
16.320000 16.247070 16.257660 2018-11-14 06:23:15
Want to analyze Euro/South African Rand EURZAR or another symbol? Try our Free Forex Trend Analysis Report.