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Forex Trend Analysis Report

Prepared for you on Thursday, May 24, 2018.

South African Rand/Russian Ruble (FOREX:ZARRUB)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low ZARRUB Price Change
4.91300 4.96470 4.89865 4.95120 +0.03820
Entry Signal

MarketClub’s Trade Triangles for ZARRUB

long term up The long term trend has been UP since Dec 17th, 2017 at 4.50440

intermediate term down The intermediate term trend has been DOWN since May 15th, 2018 at 4.95000

short term up The short term trend has been UP since May 23rd, 2018 at 4.90405

Smart Scan Analysis for ZARRUB

Based on a pre-defined weighted trend formula for chart analysis, ZARRUB scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZARRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.91300 4.96470 4.89865 4.95120 +0.03820
Prev. Close Volume Bid Ask Time
4.91300 4.94950 4.95290 2018-05-24 21:33:01
Want to analyze South African Rand/Russian Ruble ZARRUB or another symbol? Try our Free Forex Trend Analysis Report.