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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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_USDZAR
Open High Low USDZAR Price Change
14.44080 14.44500 14.42723 14.43153 -0.00927
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 13.61170

intermediate term up The intermediate term trend has been UP since Feb 13th, 2019 at 13.98115

short term down The short term trend has been DOWN since Mar 18th, 2019 at 14.37986

Smart Scan Analysis for USDZAR

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

-55
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.44080 14.44500 14.42723 14.43153 -0.00927
Prev. Close Volume Bid Ask Time
14.44080 14.42223 14.44083 2019-03-19 00:37:58
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.