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Forex Trend Analysis Report

Prepared for you on Saturday, October 21, 2017.

New Zealand Dollar/South African Rand (FOREX:NZDZAR)

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_NZDZAR
Open High Low NZDZAR Price Change
9.47700 9.58970 9.46780 9.50215 +0.02515
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long term trend has been UP since Jul 5th, 2017 at 9.7293

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2017 at 9.5748

short term down The short term trend has been DOWN since Oct 19th, 2017 at 9.5281

Smart Scan Analysis for NZDZAR

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

-70
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.47700 9.58970 9.46780 9.50215 +0.02515
Prev. Close Volume Bid Ask Time
9.47700 9.49450 9.50980 2017-10-20 18:27:37
Want to analyze New Zealand Dollar/South African Rand NZDZAR or another symbol? Try our Free Forex Trend Analysis Report.