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Forex Trend Analysis Report

Prepared for you on Sunday, August 19, 2018.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

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_ZARNOK
Open High Low ZARNOK Price Change
0.57744 0.57744 0.57373 0.57493 -0.00251
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term down The long term trend has been DOWN since Apr 24th, 2018 at 0.637365

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.602295

short term down The short term trend has been DOWN since Jul 31st, 2018 at 0.617050

Smart Scan Analysis for ZARNOK

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

-100
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57744 0.57744 0.57373 0.57493 -0.00251
Prev. Close Volume Bid Ask Time
0.57744 0.57410 0.57576 2018-08-19 17:21:49
Want to analyze South African Rand/Norwegian Krone ZARNOK or another symbol? Try our Free Forex Trend Analysis Report.