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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

South African Rand/Indonesian Rupiah (FOREX:ZARIDR)

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_ZARIDR
Open High Low ZARIDR Price Change
952.8533 963.0619 951.8093 961.5756 +8.7223
Entry Signal

MarketClub’s Trade Triangles for ZARIDR

long term down The long term trend has been DOWN since Aug 7th, 2019 at 940.085

intermediate term down The intermediate term trend has been DOWN since Oct 31st, 2019 at 926.570

short term up The short term trend has been UP since Nov 14th, 2019 at 948.905

Smart Scan Analysis for ZARIDR

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

-55
Smart Scan Analysis for ZARIDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
952.8533 963.0619 951.8093 961.5756 +8.7223
Prev. Close Volume Bid Ask Time
952.8533 947.4133 975.7379 2019-11-21 21:55:49
Want to analyze South African Rand/Indonesian Rupiah ZARIDR or another symbol? Try our Free Forex Trend Analysis Report.