Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Special Drawing Right/South African Rand (FOREX:SDRZAR)

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.

FOREX_SDRZAR
Open High Low SDRZAR Price Change
19.859985 19.859985 19.859985 19.859985 0.000000
Entry Signal

MarketClub’s Trade Triangles for SDRZAR

long term down The long term trend has been DOWN since Dec 13th, 2019 at 19.882000

intermediate term up The intermediate term trend has been UP since Jan 12th, 2020 at 19.672789

short term up The short term trend has been UP since Jan 6th, 2020 at 19.468327

Smart Scan Analysis for SDRZAR

Based on a pre-defined weighted trend formula for chart analysis, SDRZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for SDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.859985 19.859985 19.859985 19.859985 0.000000
Prev. Close Volume Bid Ask Time
19.859985 19.859985 19.859985 2020-01-12 13:08:57
Get a free daily report for Special Drawing Right/South African Rand (SDRZAR) - Free Trend Analysis Report.