Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, December 10, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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
25.7670 25.8605 25.3685 25.3950 -0.3720
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long term trend has been UP since Dec 3rd, 2018 at 26.7515

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2018 at 25.6010

short term down The short term trend has been DOWN since Dec 5th, 2018 at 26.1885

Smart Scan Analysis for ZARNGN

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

-70
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.7670 25.8605 25.3685 25.3950 -0.3720
Prev. Close Volume Bid Ask Time
25.7670 25.3900 25.4000 2018-12-10 12:05:26
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