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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

US Dollar/South African Rand (FOREX:USDZAR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
14.64890 14.68645 14.49765 14.56560 -0.08330
Entry Signal

MarketClub’s Trade Triangles for USDZAR

long term down The long term trend has been DOWN since Dec 12th, 2019 at 14.50475

intermediate term down The intermediate term trend has been DOWN since Dec 12th, 2019 at 14.52430

short term down The short term trend has been DOWN since Dec 12th, 2019 at 14.57490

Smart Scan Analysis for USDZAR

Based on a pre-defined weighted trend formula for chart analysis, USDZAR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for USDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.64890 14.68645 14.49765 14.56560 -0.08330
Prev. Close Volume Bid Ask Time
14.64890 14.56090 14.57030 2019-12-12 13:44:15
Want to analyze US Dollar/South African Rand USDZAR or another symbol? Try our Free Forex Trend Analysis Report.