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Forex Trend Analysis Report

Prepared for you on Sunday, November 19, 2017.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_ZARNGN
Open High Low ZARNGN Price Change
25.486 25.821 25.291 25.792 +0.306
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long term trend has been UP since Aug 8th, 2017 at 27.7295

intermediate term down The intermediate term trend has been DOWN since Oct 25th, 2017 at 25.6990

short term up The short term trend has been UP since Nov 14th, 2017 at 24.9560

Smart Scan Analysis for ZARNGN

Based on a pre-defined weighted trend formula for chart analysis, ZARNGN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.486 25.821 25.291 25.792 +0.306
Prev. Close Volume Bid Ask Time
25.771 25.764 25.820 2017-11-17 18:37:56
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.