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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

South African Rand/Icelandic Krona (FOREX:ZARISK)

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_ZARISK
Open High Low ZARISK Price Change
7.71615 7.72950 7.67460 7.67730 -0.03885
Entry Signal

MarketClub’s Trade Triangles for ZARISK

long term down The long term trend has been DOWN since Oct 3rd, 2017 at 7.71600

intermediate term down The intermediate term trend has been DOWN since Sep 19th, 2017 at 7.95355

short term down The short term trend has been DOWN since Oct 18th, 2017 at 7.82905

Smart Scan Analysis for ZARISK

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

-100
Smart Scan Analysis for ZARISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.71615 7.72950 7.67460 7.67730 -0.03885
Prev. Close Volume Bid Ask Time
7.71615 7.65940 7.69520 2017-10-20 10:30:09
Want to analyze South African Rand/Icelandic Krona ZARISK or another symbol? Try our Free Forex Trend Analysis Report.