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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_ZARSEK
Open High Low ZARSEK Price Change
0.626620 0.628355 0.613155 0.624920 -0.001700
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long term trend has been DOWN since Jun 7th, 2018 at 0.676615

intermediate term down The intermediate term trend has been DOWN since Aug 10th, 2018 at 0.652220

short term down The short term trend has been DOWN since Aug 9th, 2018 at 0.663830

Smart Scan Analysis for ZARSEK

Based on a pre-defined weighted trend formula for chart analysis, ZARSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.626620 0.628355 0.613155 0.624920 -0.001700
Prev. Close Volume Bid Ask Time
0.626620 0.624280 0.625560 2018-08-17 18:30:29
Want to analyze South African Rand/Swedish Krona ZARSEK or another symbol? Try our Free Forex Trend Analysis Report.