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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2019.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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
0.481270 0.482590 0.480170 0.481945 +0.000675
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 up The intermediate term trend has been UP since Jun 19th, 2019 at 0.47963

short term up The short term trend has been UP since Jun 10th, 2019 at 0.46554

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.481270 0.482590 0.480170 0.481945 +0.000675
Prev. Close Volume Bid Ask Time
0.481270 0.481800 0.482090 2019-06-20 09:24:36
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