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Forex Trend Analysis Report

Prepared for you on Sunday, September 15, 2019.

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

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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
19.926 19.926 19.926 19.926 0.000
Entry Signal

MarketClub’s Trade Triangles for SDRZAR

long term up The long term trend has been UP since Aug 11th, 2019 at 20.863

intermediate term down The intermediate term trend has been DOWN since Sep 5th, 2019 at 20.789

short term down The short term trend has been DOWN since Aug 23rd, 2019 at 20.917

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
19.926 19.926 19.926 19.926 0.000
Prev. Close Volume Bid Ask Time
19.926 19.926 19.926 2019-09-15 20:00:17
Want to analyze Special Drawing Right/South African Rand SDRZAR or another symbol? Try our Free Forex Trend Analysis Report.