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Forex Trend Analysis Report

Prepared for you on Monday, April 23, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
29.7700 29.7910 29.3800 29.4255 -0.3445
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long term trend has been DOWN since Mar 27th, 2018 at 26.0765

intermediate term down The intermediate term trend has been DOWN since Mar 27th, 2018 at 29.7455

short term down The short term trend has been DOWN since Apr 20th, 2018 at 29.8635

Smart Scan Analysis for ZARNGN

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

-100
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.7700 29.7910 29.3800 29.4255 -0.3445
Prev. Close Volume Bid Ask Time
29.7700 29.4150 29.4360 2018-04-23 05:17:18
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.