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Forex Trend Analysis Report

Prepared for you on Saturday, April 21, 2018.

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

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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
0.520180 0.520475 0.520180 0.520475 +0.000295
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 down The intermediate term trend has been DOWN since Apr 6th, 2018 at 0.523720

short term down The short term trend has been DOWN since Apr 20th, 2018 at 0.521275

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
0.520180 0.520475 0.520180 0.520475 +0.000295
Prev. Close Volume Bid Ask Time
0.520180 0.519800 0.521150 2018-04-21 19:03:36
Want to analyze South African Rand/Chinese Renminbi Yuan ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.