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Forex Trend Analysis Report

Prepared for you on Sunday, September 15, 2019.

South African Rand/ (FOREX:ZARCDF)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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_ZARCDF
Open High Low ZARCDF Price Change
114.195 114.195 114.195 114.195 0.000
Entry Signal

MarketClub’s Trade Triangles for ZARCDF

long term down The long term trend has been DOWN since Aug 11th, 2019 at 109.33

intermediate term up The intermediate term trend has been UP since Sep 2nd, 2019 at 109.00

short term up The short term trend has been UP since Aug 23rd, 2019 at 108.46

Smart Scan Analysis for ZARCDF

Based on a pre-defined weighted trend formula for chart analysis, ZARCDF scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for ZARCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
114.195 114.195 114.195 114.195 0.000
Prev. Close Volume Bid Ask Time
114.195 112.650 115.740 2019-09-15 20:00:17
Want to analyze South African Rand/ ZARCDF or another symbol? Try our Free Forex Trend Analysis Report.