Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Euro/South African Rand (FOREX:EURZAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
15.544215 15.599000 15.470785 15.488795 -0.055420
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term down The long term trend has been DOWN since Jul 11th, 2019 at 15.654340

intermediate term down The intermediate term trend has been DOWN since Jun 19th, 2019 at 16.121000

short term down The short term trend has been DOWN since Jul 22nd, 2019 at 15.553205

Smart Scan Analysis for EURZAR

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

-100
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.544215 15.599000 15.470785 15.488795 -0.055420
Prev. Close Volume Bid Ask Time
15.544215 15.483430 15.494160 2019-07-23 13:29:35
Want to analyze Euro/South African Rand EURZAR or another symbol? Try our Free Forex Trend Analysis Report.