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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

South African Rand/Japanese Yen (FOREX:ZARJPY)

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_ZARJPY
Open High Low ZARJPY Price Change
7.620096 7.620096 7.611517 7.620096 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARJPY

long term up The long term trend has been UP since Dec 2nd, 2019 at 7.50615

intermediate term down The intermediate term trend has been DOWN since Jan 5th, 2020 at 7.51990

short term up The short term trend has been UP since Jan 17th, 2020 at 7.66440

Smart Scan Analysis for ZARJPY

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

-55
Smart Scan Analysis for ZARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.620096 7.620096 7.611517 7.620096 0.000000
Prev. Close Volume Bid Ask Time
7.620096 7.619058 7.621133 2020-01-18 00:46:18
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