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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

South African Rand/Canadian Dollar (FOREX:ZARCAD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_ZARCAD
Open High Low ZARCAD Price Change
0.094726 0.094905 0.094540 0.094595 -0.000131
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 Dec 10th, 2018 at 0.093435

short term up The short term trend has been UP since Dec 12th, 2018 at 0.094395

Smart Scan Analysis for ZARCAD

Based on a pre-defined weighted trend formula for chart analysis, ZARCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.094726 0.094905 0.094540 0.094595 -0.000131
Prev. Close Volume Bid Ask Time
0.094726 0.094560 0.094630 2018-12-13 03:43:29
Want to analyze South African Rand/Canadian Dollar ZARCAD or another symbol? Try our Free Forex Trend Analysis Report.