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Forex Trend Analysis Report

Prepared for you on Friday, November 24, 2017.

/South African Rand (FOREX:MZNZAR)

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_MZNZAR
Open High Low MZNZAR Price Change
0.263175 0.266155 0.263120 0.264250 +0.001075
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long term trend has been UP since Sep 8th, 2017 at 0.243390

intermediate term down The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.263655

short term down The short term trend has been DOWN since Nov 15th, 2017 at 0.271890

Smart Scan Analysis for MZNZAR

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

-70
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.263175 0.266155 0.263120 0.264250 +0.001075
Prev. Close Volume Bid Ask Time
0.263175 0.264170 0.264330 2017-11-24 11:40:46
Want to analyze /South African Rand MZNZAR or another symbol? Try our Free Forex Trend Analysis Report.