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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

South African Rand/Chinese Renminbi Yuan (FOREX:ZARCNY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_ZARCNY
Open High Low ZARCNY Price Change
0.504825 0.505270 0.503395 0.503725 -0.001100
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 0.51800

intermediate term up The intermediate term trend has been UP since Jul 6th, 2018 at 0.49211

short term up The short term trend has been UP since Jul 3rd, 2018 at 0.48477

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.504825 0.505270 0.503395 0.503725 -0.001100
Prev. Close Volume Bid Ask Time
0.504825 0.503080 0.504370 2018-07-18 04:15:54
Want to analyze South African Rand/Chinese Renminbi Yuan ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.