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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

South Korean Won/South African Rand (FOREX:KRWZAR)

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_KRWZAR
Open High Low KRWZAR Price Change
1.25830 1.25860 1.24335 1.24825 -0.01005
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term up The long term trend has been UP since May 1st, 2018 at 1.1674

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 1.2723

short term down The short term trend has been DOWN since Nov 15th, 2018 at 1.2620

Smart Scan Analysis for KRWZAR

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

-70
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.25830 1.25860 1.24335 1.24825 -0.01005
Prev. Close Volume Bid Ask Time
1.25830 1.24790 1.24860 2018-11-16 21:44:06
Want to analyze South Korean Won/South African Rand KRWZAR or another symbol? Try our Free Forex Trend Analysis Report.