Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Monday, February 18, 2019.

South African Rand/Chinese Renminbi Yuan (FOREX:ZARCNY)

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_ZARCNY
Open High Low ZARCNY Price Change
0.479205 0.481540 0.479110 0.480960 +0.001755
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 0.51800

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.48582

short term up The short term trend has been UP since Feb 11th, 2019 at 0.49787

Smart Scan Analysis for ZARCNY

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

-75
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.479205 0.481540 0.479110 0.480960 +0.001755
Prev. Close Volume Bid Ask Time
0.479205 0.480790 0.481130 2019-02-18 07:11:42
Want to analyze South African Rand/Chinese Renminbi Yuan ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.