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Forex Trend Analysis Report

Prepared for you on Wednesday, March 20, 2019.

South African Rand/Sri Lankan Rupee (FOREX:ZARLKR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARLKR
Open High Low ZARLKR Price Change
12.3085 12.5955 12.2790 12.5110 +0.2025
Entry Signal

MarketClub’s Trade Triangles for ZARLKR

long term down The long term trend has been DOWN since Mar 7th, 2019 at 12.3365

intermediate term down The intermediate term trend has been DOWN since Feb 7th, 2019 at 13.0285

short term down The short term trend has been DOWN since Mar 20th, 2019 at 12.2865

Smart Scan Analysis for ZARLKR

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

-100
Smart Scan Analysis for ZARLKR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.3085 12.5955 12.2790 12.5110 +0.2025
Prev. Close Volume Bid Ask Time
12.3085 12.4980 12.5240 2019-03-20 19:25:10
Want to analyze South African Rand/Sri Lankan Rupee ZARLKR or another symbol? Try our Free Forex Trend Analysis Report.