Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, October 23, 2017.

South African Rand/British Pound (FOREX:ZARGBP)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_ZARGBP
Open High Low ZARGBP Price Change
0.055415 0.055520 0.055000 0.055210 -0.000205
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long term trend has been DOWN since Apr 3rd, 2017 at 0.05823

intermediate term up The intermediate term trend has been UP since Oct 12th, 2017 at 0.05613

short term down The short term trend has been DOWN since Oct 18th, 2017 at 0.05626

Smart Scan Analysis for ZARGBP

Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.055415 0.055520 0.055000 0.055210 -0.000205
Prev. Close Volume Bid Ask Time
0.055415 0.055190 0.055230 2017-10-23 14:59:22
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