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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

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_ZARCAD
Open High Low ZARCAD Price Change
0.090550 0.091045 0.090285 0.090965 +0.000415
Entry Signal

MarketClub’s Trade Triangles for ZARCAD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.102315

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2018 at 0.086560

short term up The short term trend has been UP since Oct 10th, 2018 at 0.088932

Smart Scan Analysis for ZARCAD

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

-55
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.090550 0.091045 0.090285 0.090965 +0.000415
Prev. Close Volume Bid Ask Time
0.09055 0.090930 0.091000 2018-10-16 12:37:51
Want to analyze South African Rand/Canadian Dollar ZARCAD or another symbol? Try our Free Forex Trend Analysis Report.