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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

South African Rand/ (FOREX:ZARMGA)

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 ZARMGA Price Change
266.18 266.61 263.81 263.81 -2.37
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long term trend has been DOWN since Dec 6th, 2018 at 125.280

intermediate term up The intermediate term trend has been UP since Jan 6th, 2019 at 251.005

short term up The short term trend has been UP since Jan 4th, 2019 at 244.545

Smart Scan Analysis for ZARMGA

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

Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
266.18 266.61 263.81 263.81 -2.37
Prev. Close Volume Bid Ask Time
266.18 263.77 263.85 2019-01-18 13:02:07
Want to analyze South African Rand/ ZARMGA or another symbol? Try our Free Forex Trend Analysis Report.