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Forex Trend Analysis Report

Prepared for you on Friday, June 22, 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
13.585095 13.585095 13.402600 13.432905 -0.152190
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 Apr 9th, 2018 at 12.102620

short term down The short term trend has been DOWN since Jun 22nd, 2018 at 13.563500

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.585095 13.585095 13.402600 13.432905 -0.152190
Prev. Close Volume Bid Ask Time
13.585095 13.418300 13.447510 2018-06-22 19:58:23
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.