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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

South African Rand/Icelandic Krona (FOREX:ZARISK)

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_ZARISK
Open High Low ZARISK Price Change
8.56255 8.57990 8.51030 8.52240 -0.04015
Entry Signal

MarketClub’s Trade Triangles for ZARISK

long term down The long term trend has been DOWN since Mar 18th, 2019 at 7.9748

intermediate term up The intermediate term trend has been UP since May 10th, 2019 at 8.6111

short term down The short term trend has been DOWN since May 17th, 2019 at 8.5825

Smart Scan Analysis for ZARISK

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

-55
Smart Scan Analysis for ZARISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.56255 8.57990 8.51030 8.52240 -0.04015
Prev. Close Volume Bid Ask Time
8.56255 8.49270 8.55210 2019-05-17 14:12:12
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