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Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

South African Rand/ (FOREX:ZARMZN)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_ZARMZN
Open High Low ZARMZN Price Change
4.345 4.345 4.345 4.345 0.000
Entry Signal

MarketClub’s Trade Triangles for ZARMZN

long term up The long term trend has been UP since Nov 20th, 2018 at 4.335

intermediate term down The intermediate term trend has been DOWN since Dec 11th, 2018 at 4.365

short term down The short term trend has been DOWN since Dec 11th, 2018 at 4.365

Smart Scan Analysis for ZARMZN

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

-60
Smart Scan Analysis for ZARMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.345 4.345 4.345 4.345 0.000
Prev. Close Volume Bid Ask Time
4.345 4.300 4.390 2018-12-14 06:49:37
Want to analyze South African Rand/ ZARMZN or another symbol? Try our Free Forex Trend Analysis Report.