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Forex Trend Analysis Report

Prepared for you on Saturday, February 24, 2018.

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

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_KRWZAR
Open High Low KRWZAR Price Change
1.07285 1.07285 1.07195 1.07195 -0.00090
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term down The long term trend has been DOWN since Jan 18th, 2018 at 1.1399

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2017 at 1.2646

short term down The short term trend has been DOWN since Feb 21st, 2018 at 1.0858

Smart Scan Analysis for KRWZAR

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

-100
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.07285 1.07285 1.07195 1.07195 -0.00090
Prev. Close Volume Bid Ask Time
1.07285 1.07160 1.07230 2018-02-24 10:28:28
Want to analyze South Korean Won/South African Rand KRWZAR or another symbol? Try our Free Forex Trend Analysis Report.