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Forex Trend Analysis Report

Prepared for you on Wednesday, August 15, 2018.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARHKD
Open High Low ZARHKD Price Change
0.544180 0.547605 0.542310 0.547335 +0.003155
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.626935

intermediate term down The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.576325

short term down The short term trend has been DOWN since Aug 8th, 2018 at 0.583040

Smart Scan Analysis for ZARHKD

Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.544180 0.547605 0.542310 0.547335 +0.003155
Prev. Close Volume Bid Ask Time
0.544180 0.546660 0.548010 2018-08-15 03:16:18
Want to analyze South African Rand/Hong Kong Dollar ZARHKD or another symbol? Try our Free Forex Trend Analysis Report.