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Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

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

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.45981 0.45981 0.45981 0.45981 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARCNY

long term down The long term trend has been DOWN since Aug 14th, 2019 at 0.455985

intermediate term down The intermediate term trend has been DOWN since Jul 26th, 2019 at 0.482890

short term down The short term trend has been DOWN since Aug 8th, 2019 at 0.464780

Smart Scan Analysis for ZARCNY

Based on a pre-defined weighted trend formula for chart analysis, ZARCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.45981 0.45981 0.45981 0.45981 0.00000
Prev. Close Volume Bid Ask Time
0.45981 0.45922 0.46040 2019-08-17 07:30:21
Want to analyze South African Rand/Chinese Yuan Renminbi ZARCNY or another symbol? Try our Free Forex Trend Analysis Report.