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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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
24.6680 24.7495 24.1190 24.6435 -0.0245
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 Aug 12th, 2018 at 25.4910

short term down The short term trend has been DOWN since Aug 9th, 2018 at 26.7500

Smart Scan Analysis for ZARNGN

Based on a pre-defined weighted trend formula for chart analysis, ZARNGN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.6680 24.7495 24.1190 24.6435 -0.0245
Prev. Close Volume Bid Ask Time
24.6680 24.6180 24.6690 2018-08-17 18:30:29
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.