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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

New Zealand Dollar/South African Rand (FOREX:NZDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_NZDZAR
Open High Low NZDZAR Price Change
9.82795 9.84530 9.74540 9.83685 +0.00890
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term down The long term trend has been DOWN since Jul 10th, 2019 at 9.28515

intermediate term up The intermediate term trend has been UP since Jul 26th, 2019 at 9.49450

short term down The short term trend has been DOWN since Aug 16th, 2019 at 9.75035

Smart Scan Analysis for NZDZAR

Based on a pre-defined weighted trend formula for chart analysis, NZDZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.82795 9.84530 9.74540 9.83685 +0.00890
Prev. Close Volume Bid Ask Time
9.82795 9.82980 9.84390 2019-08-16 18:19:00
Want to analyze New Zealand Dollar/South African Rand NZDZAR or another symbol? Try our Free Forex Trend Analysis Report.