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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

South African Rand/British Pound (FOREX:ZARGBP)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low ZARGBP Price Change
0.059505 0.059810 0.059425 0.059430 -0.000075
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term up The long term trend has been UP since Dec 27th, 2017 at 0.060085

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.058620

short term up The short term trend has been UP since Jan 19th, 2018 at 0.059445

Smart Scan Analysis for ZARGBP

Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.059505 0.059810 0.059425 0.059430 -0.000075
Prev. Close Volume Bid Ask Time
0.059505 0.059410 0.059450 2018-01-22 09:33:40
Want to analyze South African Rand/British Pound ZARGBP or another symbol? Try our Free Forex Trend Analysis Report.