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Forex Trend Analysis Report

Prepared for you on Friday, November 17, 2017.

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
14.124715 14.233800 13.966105 13.983800 -0.140915
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long term trend has been UP since Apr 10th, 2017 at 13.96100

intermediate term up The intermediate term trend has been UP since Sep 18th, 2017 at 13.23835

short term down The short term trend has been DOWN since Nov 15th, 2017 at 14.34630

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
14.124715 14.233800 13.966105 13.983800 -0.140915
Prev. Close Volume Bid Ask Time
14.124715 13.976300 13.991300 2017-11-17 14:25:28
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.