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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

South African Rand/ (FOREX:ZARGHS)

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_ZARGHS
Open High Low ZARGHS Price Change
0.38972283 0.38972283 0.38972283 0.38972283 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARGHS

long term up The long term trend has been UP since Nov 24th, 2019 at 0.37712046

intermediate term down The intermediate term trend has been DOWN since Jan 12th, 2020 at 0.39862467

short term down The short term trend has been DOWN since Jan 5th, 2020 at 0.40484416

Smart Scan Analysis for ZARGHS

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

-60
Smart Scan Analysis for ZARGHS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.38972283 0.38972283 0.38972283 0.38972283 0.00000000
Prev. Close Volume Bid Ask Time
0.38972283 0.38816732 0.39127834 2020-01-21 07:17:52
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