Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

South African Rand/South Korean Won (FOREX:ZARKRW)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_ZARKRW
Open High Low ZARKRW Price Change
77.1250 78.1315 77.0735 77.6345 +0.5095
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term down The long term trend has been DOWN since May 1st, 2018 at 85.6265

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2018 at 83.5060

short term up The short term trend has been UP since Aug 21st, 2018 at 77.5310

Smart Scan Analysis for ZARKRW

Based on a pre-defined weighted trend formula for chart analysis, ZARKRW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
77.1250 78.1315 77.0735 77.6345 +0.5095
Prev. Close Volume Bid Ask Time
77.1250 77.5440 77.7250 2018-08-21 17:18:55
Want to analyze South African Rand/South Korean Won ZARKRW or another symbol? Try our Free Forex Trend Analysis Report.