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Forex Trend Analysis Report

Prepared for you on Sunday, September 15, 2019.

Euro/South African Rand (FOREX:EURZAR)

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_EURZAR
Open High Low EURZAR Price Change
16.151015 16.260800 16.138900 16.248790 +0.097775
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long term trend has been UP since Aug 9th, 2019 at 17.0810

intermediate term down The intermediate term trend has been DOWN since Sep 2nd, 2019 at 16.6549

short term down The short term trend has been DOWN since Aug 29th, 2019 at 16.8860

Smart Scan Analysis for EURZAR

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

-60
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.151015 16.260800 16.138900 16.248790 +0.097775
Prev. Close Volume Bid Ask Time
16.151015 16.243350 16.254230 2019-09-15 22:03:21
Want to analyze Euro/South African Rand EURZAR or another symbol? Try our Free Forex Trend Analysis Report.