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Forex Trend Analysis Report

Prepared for you on Wednesday, January 23, 2019.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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
0.562730 0.562995 0.562415 0.562415 -0.000315
Entry Signal

MarketClub’s Trade Triangles for ZARHKD

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.57476

intermediate term up The intermediate term trend has been UP since Jan 4th, 2019 at 0.55581

short term down The short term trend has been DOWN since Jan 18th, 2019 at 0.56685

Smart Scan Analysis for ZARHKD

Based on a pre-defined weighted trend formula for chart analysis, ZARHKD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for ZARHKD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.562730 0.562995 0.562415 0.562415 -0.000315
Prev. Close Volume Bid Ask Time
0.562730 0.562380 0.562450 2019-01-23 00:31:52
Want to analyze South African Rand/Hong Kong Dollar ZARHKD or another symbol? Try our Free Forex Trend Analysis Report.