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Forex Trend Analysis Report

Prepared for you on Sunday, September 23, 2018.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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
14.316505 14.316505 14.316500 14.316500 -0.000005
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long term trend has been UP since May 1st, 2018 at 12.516735

intermediate term up The intermediate term trend has been UP since Aug 9th, 2018 at 13.615590

short term down The short term trend has been DOWN since Sep 19th, 2018 at 14.815190

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.316505 14.316505 14.316500 14.316500 -0.000005
Prev. Close Volume Bid Ask Time
14.316505 14.301500 14.331500 2018-09-23 05:50:06
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.