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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

South African Rand/Japanese Yen (FOREX:ZARJPY)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

Open High Low ZARJPY Price Change
8.50990 8.56825 8.45280 8.47195 -0.03795
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term down The long term trend has been DOWN since Apr 25th, 2018 at 8.71315

intermediate term up The intermediate term trend has been UP since Jul 9th, 2018 at 8.29775

short term up The short term trend has been UP since Jul 3rd, 2018 at 8.13135

Smart Scan Analysis for ZARJPY

Based on a pre-defined weighted trend formula for chart analysis, ZARJPY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.50990 8.56825 8.45280 8.47195 -0.03795
Prev. Close Volume Bid Ask Time
8.5099 8.46900 8.47490 2018-07-18 08:18:50
Want to analyze South African Rand/Japanese Yen ZARJPY or another symbol? Try our Free Forex Trend Analysis Report.