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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_ZARHKD
Open High Low ZARHKD Price Change
0.628025 0.633725 0.625440 0.631035 +0.003010
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 Apr 9th, 2018 at 0.647790

short term up The short term trend has been UP since May 22nd, 2018 at 0.627155

Smart Scan Analysis for ZARHKD

Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.628025 0.633725 0.625440 0.631035 +0.003010
Prev. Close Volume Bid Ask Time
0.628025 0.631000 0.631070 2018-05-24 23:05:56
Want to analyze South African Rand/Hong Kong Dollar ZARHKD or another symbol? Try our Free Forex Trend Analysis Report.