Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, February 22, 2018.

/South African Rand (FOREX:MZNZAR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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
0.221465 0.222485 0.220530 0.221320 -0.000145
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 0.241995

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

short term up The short term trend has been UP since Feb 20th, 2018 at 0.221935

Smart Scan Analysis for MZNZAR

Based on a pre-defined weighted trend formula for chart analysis, MZNZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.221465 0.222485 0.220530 0.221320 -0.000145
Prev. Close Volume Bid Ask Time
0.221465 0.221040 0.221600 2018-02-22 23:45:23
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