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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

/South African Rand (FOREX:GHSZAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_GHSZAR
Open High Low GHSZAR Price Change
2.61355 2.61355 2.61310 2.61310 -0.00045
Entry Signal

MarketClub’s Trade Triangles for GHSZAR

long term down The long term trend has been DOWN since Nov 29th, 2018 at 2.77865

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2019 at 2.93225

short term down The short term trend has been DOWN since Feb 21st, 2019 at 2.60560

Smart Scan Analysis for GHSZAR

Based on a pre-defined weighted trend formula for chart analysis, GHSZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for GHSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.61355 2.61355 2.61310 2.61310 -0.00045
Prev. Close Volume Bid Ask Time
2.61355 2.60230 2.62390 2019-02-23 07:41:31
Want to analyze /South African Rand GHSZAR or another symbol? Try our Free Forex Trend Analysis Report.