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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_USDZAR
Open High Low USDZAR Price Change
14.31474 14.37630 14.19500 14.35285 +0.03811
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 Jun 19th, 2019 at 14.38665

short term down The short term trend has been DOWN since Jun 10th, 2019 at 14.84941

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.31474 14.37630 14.19500 14.35285 +0.03811
Prev. Close Volume Bid Ask Time
14.31474 14.33820 14.36750 2019-06-20 19:55:08
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.