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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

South African Rand/British Pound (FOREX:ZARGBP)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
0.053830 0.053979 0.053780 0.053825 -0.000005
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long term trend has been DOWN since Apr 9th, 2018 at 0.058465

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.056170

short term up The short term trend has been UP since Aug 21st, 2018 at 0.054295

Smart Scan Analysis for ZARGBP

Based on a pre-defined weighted trend formula for chart analysis, ZARGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.053830 0.053979 0.053780 0.053825 -0.000005
Prev. Close Volume Bid Ask Time
0.053830 0.053810 0.053840 2018-08-22 03:22:54
Want to analyze South African Rand/British Pound ZARGBP or another symbol? Try our Free Forex Trend Analysis Report.