Analyze Symbol
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.
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MarketClub’s Trade Triangles for ZARJPY
The long term trend has been UP since Dec 2nd, 2019 at 7.50615
The intermediate term trend has been DOWN since Jan 5th, 2020 at 7.51990
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).
| 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 |