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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 2018.

South African Rand/ (FOREX:ZARMGA)

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_ZARMGA
Open High Low ZARMGA Price Change
234.08 237.58 233.68 237.24 +3.16
Entry Signal

MarketClub’s Trade Triangles for ZARMGA

long term down The long term trend has been DOWN since May 1st, 2018 at 256.785

intermediate term up The intermediate term trend has been UP since Sep 20th, 2018 at 237.360

short term up The short term trend has been UP since Sep 11th, 2018 at 226.040

Smart Scan Analysis for ZARMGA

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

+70
Smart Scan Analysis for ZARMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
234.08 237.58 233.68 237.24 +3.16
Prev. Close Volume Bid Ask Time
234.08 237.17 237.31 2018-09-20 06:51:28
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