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Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

US Dollar/South African Rand (FOREX:USDZAR)

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_USDZAR
Open High Low USDZAR Price Change
14.13740 14.25505 14.09475 14.24845 +0.11105
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 13.6117

intermediate term up The intermediate term trend has been UP since Dec 10th, 2018 at 14.2067

short term up The short term trend has been UP since Dec 5th, 2018 at 13.8804

Smart Scan Analysis for USDZAR

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

+70
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.13740 14.25505 14.09475 14.24845 +0.11105
Prev. Close Volume Bid Ask Time
14.13740 14.24560 14.25130 2018-12-10 09:00:50
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.