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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2017.

South African Rand/Euro (FOREX:ZAREUR)

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_ZAREUR
Open High Low ZAREUR Price Change
0.062200 0.062230 0.062175 0.062230 +0.000030
Entry Signal

MarketClub’s Trade Triangles for ZAREUR

long term down The long term trend has been DOWN since Apr 3rd, 2017 at 0.068295

intermediate term up The intermediate term trend has been UP since Nov 28th, 2017 at 0.061400

short term up The short term trend has been UP since Nov 27th, 2017 at 0.061070

Smart Scan Analysis for ZAREUR

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

+70
Smart Scan Analysis for ZAREUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.062200 0.062230 0.062175 0.062230 +0.000030
Prev. Close Volume Bid Ask Time
0.062200 0.062210 0.062250 2017-12-11 00:44:35
Want to analyze South African Rand/Euro ZAREUR or another symbol? Try our Free Forex Trend Analysis Report.