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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

South African Rand/Hong Kong Dollar (FOREX:ZARHKD)

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_ZARHKD
Open High Low ZARHKD Price Change
0.52598876 0.53119847 0.52425500 0.52885803 +0.00286900
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term down The long term trend has been DOWN since Aug 8th, 2019 at 0.516760

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.529335

short term down The short term trend has been DOWN since Oct 16th, 2019 at 0.526556

Smart Scan Analysis for ZARHKD

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

-55
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.52598876 0.53119847 0.52425500 0.52885803 +0.00286900
Prev. Close Volume Bid Ask Time
0.52598876 0.52860484 0.52911121 2019-10-17 23:09:26
Want to analyze South African Rand/Hong Kong Dollar ZARHKD or another symbol? Try our Free Forex Trend Analysis Report.