Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

/South African Rand (FOREX:ZMWZAR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.

FOREX_ZMWZAR
Open High Low ZMWZAR Price Change
1.17255 1.20245 1.17140 1.19435 +0.02180
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long term trend has been DOWN since Sep 24th, 2018 at 1.21065

intermediate term down The intermediate term trend has been DOWN since Sep 18th, 2018 at 1.36410

short term up The short term trend has been UP since Oct 17th, 2018 at 1.18995

Smart Scan Analysis for ZMWZAR

Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.17255 1.20245 1.17140 1.19435 +0.02180
Prev. Close Volume Bid Ask Time
1.17255 1.19410 1.19460 2018-10-17 16:02:13
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