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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 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
14.91440 14.96272 14.76931 14.83060 -0.08380
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term up The long term trend has been UP since Aug 8th, 2019 at 15.1720

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 14.8185

short term up The short term trend has been UP since Oct 16th, 2019 at 14.8993

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
14.91440 14.96272 14.76931 14.83060 -0.08380
Prev. Close Volume Bid Ask Time
14.91440 14.82350 14.83770 2019-10-17 23:09:26
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.