Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/South African Rand (FOREX:MZNZAR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 MZNZAR
The long term trend has been DOWN since Dec 12th, 2019 at 0.27496500
The intermediate term trend has been UP since Jan 13th, 2020 at 0.27410251
The short term trend has been UP since Jan 20th, 2020 at 0.27624819
Smart Scan Analysis for MZNZAR
Based on a pre-defined weighted trend formula for chart analysis, MZNZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.27537441 | 0.27671280 | 0.27400569 | 0.27423886 | -0.00113600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.27537441 | 0.27395450 | 0.27452322 | 2020-01-21 23:06:21 |