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Forex Trend Analysis Report

Prepared for you on Monday, August 20, 2018.

South African Rand/Russian Ruble (FOREX:ZARRUB)

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_ZARRUB
Open High Low ZARRUB Price Change
4.56640 4.63860 4.55145 4.60820 +0.04180
Entry Signal

MarketClub’s Trade Triangles for ZARRUB

long term down The long term trend has been DOWN since Jun 8th, 2018 at 4.73440

intermediate term down The intermediate term trend has been DOWN since Aug 12th, 2018 at 4.65845

short term down The short term trend has been DOWN since Aug 12th, 2018 at 4.76275

Smart Scan Analysis for ZARRUB

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

-100
Smart Scan Analysis for ZARRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.56640 4.63860 4.55145 4.60820 +0.04180
Prev. Close Volume Bid Ask Time
4.56640 4.60670 4.60970 2018-08-20 10:33:24
Want to analyze South African Rand/Russian Ruble ZARRUB or another symbol? Try our Free Forex Trend Analysis Report.