Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2019.

South African Rand/United Arab Emirates Dirham (FOREX:ZARAED)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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_ZARAED
Open High Low ZARAED Price Change
0.256620 0.256715 0.253975 0.254395 -0.002225
Entry Signal

MarketClub’s Trade Triangles for ZARAED

long term down The long term trend has been DOWN since Mar 28th, 2019 at 0.249980

intermediate term up The intermediate term trend has been UP since Apr 1st, 2019 at 0.259685

short term down The short term trend has been DOWN since Apr 16th, 2019 at 0.260670

Smart Scan Analysis for ZARAED

Based on a pre-defined weighted trend formula for chart analysis, ZARAED scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZARAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.256620 0.256715 0.253975 0.254395 -0.002225
Prev. Close Volume Bid Ask Time
0.256620 0.254130 0.254660 2019-04-24 18:07:09
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