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Forex Trend Analysis Report

Prepared for you on Wednesday, January 17, 2018.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_USDZAR
Open High Low USDZAR Price Change
12.266430 12.342210 12.217690 12.303305 +0.036875
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 18th, 2017 at 12.74680

intermediate term down The intermediate term trend has been DOWN since Nov 22nd, 2017 at 13.90606

short term down The short term trend has been DOWN since Jan 15th, 2018 at 12.34859

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.266430 12.342210 12.217690 12.303305 +0.036875
Prev. Close Volume Bid Ask Time
12.266430 12.289340 12.317270 2018-01-17 19:03:01
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.