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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

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

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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_ZARCNY
Open High Low ZARCNY Price Change
0.48143179 0.48152227 0.47921538 0.48043624 -0.00099600
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long term trend has been DOWN since Aug 14th, 2019 at 0.45598500

intermediate term up The intermediate term trend has been UP since Dec 2nd, 2019 at 0.48210097

short term down The short term trend has been DOWN since Dec 6th, 2019 at 0.47933385

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.48143179 0.48152227 0.47921538 0.48043624 -0.00099600
Prev. Close Volume Bid Ask Time
0.48143179 0.47981848 0.48105399 2019-12-06 13:53:13
Want to analyze South African Rand/Chinese Yuan Renminbi ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.