Analyze Symbol
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for USDZAR
The long term trend has been DOWN since Dec 12th, 2019 at 14.50475
The intermediate term trend has been DOWN since Dec 12th, 2019 at 14.52430
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).
| 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 |