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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

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

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_SDRZAR
Open High Low SDRZAR Price Change
20.266 20.266 20.266 20.266 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 up The short term trend has been UP since Sep 18th, 2019 at 20.076

Smart Scan Analysis for SDRZAR

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

+55
Smart Scan Analysis for SDRZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.266 20.266 20.266 20.266 0.000
Prev. Close Volume Bid Ask Time
20.266 20.266 20.266 2019-09-19 20:22:42
Want to analyze Special Drawing Right/South African Rand SDRZAR or another symbol? Try our Free Forex Trend Analysis Report.