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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

South African Rand/US Dollar (FOREX:ZARUSD)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_ZARUSD
Open High Low ZARUSD Price Change
0.073033 0.073033 0.072722 0.072958 -0.000075
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.073470

intermediate term up The intermediate term trend has been UP since Jan 4th, 2019 at 0.071095

short term up The short term trend has been UP since Jan 15th, 2019 at 0.072712

Smart Scan Analysis for ZARUSD

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

+100
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.073033 0.073033 0.072722 0.072958 -0.000075
Prev. Close Volume Bid Ask Time
0.073033 0.072902 0.073014 2019-01-17 05:54:42
Want to analyze South African Rand/US Dollar ZARUSD or another symbol? Try our Free Forex Trend Analysis Report.