Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
/South African Rand (FOREX:MGAZAR)
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.
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MarketClub’s Trade Triangles for MGAZAR
The long term trend has been DOWN since Dec 19th, 2019 at 0.00387700
The intermediate term trend has been DOWN since Dec 16th, 2019 at 0.00390761
The short term trend has been DOWN since Jan 17th, 2020 at 0.00386331
Smart Scan Analysis for MGAZAR
Based on a pre-defined weighted trend formula for chart analysis, MGAZAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00387287 | 0.00389366 | 0.00385682 | 0.00388386 | +0.00001100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00387287 | 0.00388323 | 0.00388450 | 2020-01-17 14:07:48 |