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Forex Trend Analysis Report

Prepared for you on Sunday, November 19, 2017.

South African Rand/Brazilian Real (FOREX:ZARBRL)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_ZARBRL
Open High Low ZARBRL Price Change
0.230400 0.234770 0.230245 0.232975 +0.002575
Entry Signal

MarketClub’s Trade Triangles for ZARBRL

long term down The long term trend has been DOWN since Aug 3rd, 2017 at 0.231845

intermediate term down The intermediate term trend has been DOWN since Oct 26th, 2017 at 0.228715

short term up The short term trend has been UP since Nov 14th, 2017 at 0.229875

Smart Scan Analysis for ZARBRL

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

-55
Smart Scan Analysis for ZARBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.230400 0.234770 0.230245 0.232975 +0.002575
Prev. Close Volume Bid Ask Time
0.232985 0.232730 0.233220 2017-11-17 18:39:59
Want to analyze South African Rand/Brazilian Real ZARBRL or another symbol? Try our Free Forex Trend Analysis Report.