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Forex Trend Analysis Report

Prepared for you on Saturday, December 15, 2018.

South African Rand/Special Drawing Right (FOREX:ZARSDR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZARSDR
Open High Low ZARSDR Price Change
0.051127 0.051127 0.051127 0.051127 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARSDR

long term up The long term trend has been UP since Dec 2nd, 2018 at 0.052532

intermediate term down The intermediate term trend has been DOWN since Dec 9th, 2018 at 0.051200

short term down The short term trend has been DOWN since Dec 6th, 2018 at 0.052530

Smart Scan Analysis for ZARSDR

Based on a pre-defined weighted trend formula for chart analysis, ZARSDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.051127 0.051127 0.051127 0.051127 0.000000
Prev. Close Volume Bid Ask Time
0.051127 0.051127 0.051127 2018-12-13 20:57:23
Want to analyze South African Rand/Special Drawing Right ZARSDR or another symbol? Try our Free Forex Trend Analysis Report.