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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 2018.

/South African Rand (FOREX:MZNZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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
0.257525 0.257535 0.254670 0.255390 -0.002135
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term up The long term trend has been UP since May 1st, 2018 at 0.237285

intermediate term up The intermediate term trend has been UP since Apr 9th, 2018 at 0.229430

short term down The short term trend has been DOWN since Jun 22nd, 2018 at 0.257125

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
0.257525 0.257535 0.254670 0.255390 -0.002135
Prev. Close Volume Bid Ask Time
0.257525 0.255310 0.255470 2018-06-22 11:14:27
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