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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

Open High Low ZARSEK Price Change
0.624140 0.629620 0.622195 0.628555 +0.004415
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 up The intermediate term trend has been UP since Sep 26th, 2018 at 0.624395

short term up The short term trend has been UP since Oct 9th, 2018 at 0.617200

Smart Scan Analysis for ZARSEK

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

Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.624140 0.629620 0.622195 0.628555 +0.004415
Prev. Close Volume Bid Ask Time
0.624140 0.627890 0.629220 2018-10-16 22:50:49
Want to analyze South African Rand/Swedish Krona ZARSEK or another symbol? Try our Free Forex Trend Analysis Report.