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Forex Trend Analysis Report

Prepared for you on Thursday, December 13, 2018.

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

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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
0.487335 0.488080 0.484100 0.485250 -0.002085
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 down The intermediate term trend has been DOWN since Dec 9th, 2018 at 0.484135

short term down The short term trend has been DOWN since Dec 4th, 2018 at 0.499755

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
0.487335 0.488080 0.484100 0.485250 -0.002085
Prev. Close Volume Bid Ask Time
0.487335 0.484630 0.485870 2018-12-13 17:24:48
Want to analyze South African Rand/Chinese Renminbi Yuan ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.