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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

South African Rand/Hungarian Forint (FOREX:ZARHUF)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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_ZARHUF
Open High Low ZARHUF Price Change
19.4135 19.4765 19.4008 19.4249 +0.0114
Entry Signal

MarketClub’s Trade Triangles for ZARHUF

long term down The long term trend has been DOWN since Jun 8th, 2018 at 20.53700

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2018 at 20.50925

short term down The short term trend has been DOWN since Aug 8th, 2018 at 20.57420

Smart Scan Analysis for ZARHUF

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

-100
Smart Scan Analysis for ZARHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.4135 19.4765 19.4008 19.4249 +0.0114
Prev. Close Volume Bid Ask Time
19.4135 19.4122 19.4376 2018-08-22 03:21:57
Want to analyze South African Rand/Hungarian Forint ZARHUF or another symbol? Try our Free Forex Trend Analysis Report.