Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

/South African Rand (FOREX:ZMWZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.18725 1.20360 1.18600 1.19745 +0.01020
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 up The intermediate term trend has been UP since Dec 10th, 2018 at 1.20175

short term down The short term trend has been DOWN since Dec 12th, 2018 at 1.18895

Smart Scan Analysis for ZMWZAR

Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.18725 1.20360 1.18600 1.19745 +0.01020
Prev. Close Volume Bid Ask Time
1.18725 1.19620 1.19870 2018-12-14 13:52:32
Want to analyze /South African Rand ZMWZAR or another symbol? Try our Free Forex Trend Analysis Report.