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Forex Trend Analysis Report

Prepared for you on Wednesday, January 24, 2018.

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

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.530735 0.531590 0.530690 0.530990 +0.000255
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term up The long term trend has been UP since Dec 17th, 2017 at 0.511215

intermediate term up The intermediate term trend has been UP since Nov 20th, 2017 at 0.474870

short term up The short term trend has been UP since Jan 16th, 2018 at 0.524565

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.530735 0.531590 0.530690 0.530990 +0.000255
Prev. Close Volume Bid Ask Time
0.530735 0.530820 0.531160 2018-01-24 04:45:13
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