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Forex Trend Analysis Report

Prepared for you on Sunday, November 19, 2017.

/South African Rand (FOREX:ZMWZAR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 ZMWZAR Price Change
1.41205 1.42295 1.38780 1.38940 -0.02265
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term up The long term trend has been UP since Apr 3rd, 2017 at 1.41435

intermediate term up The intermediate term trend has been UP since Nov 10th, 2017 at 1.44065

short term down The short term trend has been DOWN since Nov 14th, 2017 at 1.43680

Smart Scan Analysis for ZMWZAR

Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.41205 1.42295 1.38780 1.38940 -0.02265
Prev. Close Volume Bid Ask Time
1.39020 1.38790 1.39090 2017-11-17 18:37:56
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