Analyze Symbol
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.
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MarketClub’s Trade Triangles for ZARCNY
The long term trend has been DOWN since Aug 14th, 2019 at 0.45598500
The intermediate term trend has been UP since Dec 2nd, 2019 at 0.48210097
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).
| 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 |