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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

South African Rand/ (FOREX:ZARMGA)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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_ZARMGA
Open High Low ZARMGA Price Change
250.330 251.455 250.265 251.105 +0.775
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term up The long term trend has been UP since Nov 6th, 2018 at 250.790

intermediate term up The intermediate term trend has been UP since Nov 6th, 2018 at 250.790

short term down The short term trend has been DOWN since Nov 9th, 2018 at 247.565

Smart Scan Analysis for ZARMGA

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

+85
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
250.330 251.455 250.265 251.105 +0.775
Prev. Close Volume Bid Ask Time
250.330 251.070 251.140 2018-11-14 06:27:35
Want to analyze South African Rand/ ZARMGA or another symbol? Try our Free Forex Trend Analysis Report.