Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
US Dollar/South African Rand (FOREX:USDZAR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
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MarketClub’s Trade Triangles for USDZAR
The long term trend has been DOWN since Dec 3rd, 2018 at 13.61170
The intermediate term trend has been UP since Feb 13th, 2019 at 13.98115
The short term trend has been UP since Feb 20th, 2019 at 14.19923
Smart Scan Analysis for USDZAR
Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 14.01005 | 14.05499 | 13.87685 | 14.02125 | +0.01120 |
| Prev. Close | Volume | Bid | Ask | Time |
| 14.01005 | 14.01030 | 14.03220 | 2019-02-21 21:34:57 |