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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_USDZAR
Open High Low USDZAR Price Change
14.53950 14.58300 14.46800 14.54435 +0.00485
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 up The intermediate term trend has been UP since Apr 25th, 2019 at 14.49740

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 +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.53950 14.58300 14.46800 14.54435 +0.00485
Prev. Close Volume Bid Ask Time
14.53950 14.54230 14.54640 2019-06-19 07:43:45
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.