Analyze Symbol
Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
/South African Rand (FOREX:MGAZAR)
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 MGAZAR
The long term trend has been UP since Dec 6th, 2018 at 0.007983
The intermediate term trend has been UP since Feb 14th, 2019 at 0.003926
The short term trend has been DOWN since Mar 18th, 2019 at 0.004088
Smart Scan Analysis for MGAZAR
Based on a pre-defined weighted trend formula for chart analysis, MGAZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.004088 | 0.004089 | 0.004083 | 0.004084 | -0.000004 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.004088 | 0.004083 | 0.004086 | 2019-03-20 03:01:15 |