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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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_ZARCNY
Open High Low ZARCNY Price Change
0.480555 0.486810 0.480045 0.484920 +0.004365
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 0.518000

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 0.482320

short term up The short term trend has been UP since Oct 10th, 2018 at 0.475895

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.480555 0.486810 0.480045 0.484920 +0.004365
Prev. Close Volume Bid Ask Time
0.480555 0.484310 0.485530 2018-10-22 18:53:09
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