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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

South African Rand/Japanese Yen (FOREX:ZARJPY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_ZARJPY
Open High Low ZARJPY Price Change
7.8240 7.9763 7.7543 7.8548 +0.0308
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 Sep 21st, 2018 at 7.94325

short term up The short term trend has been UP since Sep 11th, 2018 at 7.40180

Smart Scan Analysis for ZARJPY

Based on a pre-defined weighted trend formula for chart analysis, ZARJPY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.8240 7.9763 7.7543 7.8548 +0.0308
Prev. Close Volume Bid Ask Time
7.8240 7.8515 7.8581 2018-09-24 21:30:50
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