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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

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

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_ZARHKD
Open High Low ZARHKD Price Change
0.513550 0.517400 0.512065 0.512460 -0.001090
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 down The intermediate term trend has been DOWN since Jul 29th, 2019 at 0.546035

short term up The short term trend has been UP since Jul 31st, 2019 at 0.553370

Smart Scan Analysis for ZARHKD

Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.513550 0.517400 0.512065 0.512460 -0.001090
Prev. Close Volume Bid Ask Time
0.513550 0.512350 0.512570 2019-08-16 18:19:43
Want to analyze South African Rand/Hong Kong Dollar ZARHKD or another symbol? Try our Free Forex Trend Analysis Report.