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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

South African Rand/Moroccan Dirham (FOREX:ZARMAD)

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_ZARMAD
Open High Low ZARMAD Price Change
0.654445 0.654445 0.654445 0.654445 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARMAD

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.638625

intermediate term up The intermediate term trend has been UP since Sep 2nd, 2019 at 0.636350

short term down The short term trend has been DOWN since Sep 17th, 2019 at 0.659305

Smart Scan Analysis for ZARMAD

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

-55
Smart Scan Analysis for ZARMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.654445 0.654445 0.654445 0.654445 0.000000
Prev. Close Volume Bid Ask Time
0.654445 0.633670 0.675220 2019-09-19 20:22:34
Want to analyze South African Rand/Moroccan Dirham ZARMAD or another symbol? Try our Free Forex Trend Analysis Report.