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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

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_USDZAR
Open High Low USDZAR Price Change
14.06010 14.07535 14.04650 14.05910 -0.00100
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long term trend has been UP since Mar 28th, 2019 at 14.69015

intermediate term down The intermediate term trend has been DOWN since Apr 1st, 2019 at 14.14580

short term up The short term trend has been UP since Apr 16th, 2019 at 14.08925

Smart Scan Analysis for USDZAR

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

-55
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.06010 14.07535 14.04650 14.05910 -0.00100
Prev. Close Volume Bid Ask Time
14.06010 14.04410 14.07410 2019-04-19 08:57:51
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.