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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

South African Rand/ (FOREX:ZARMZN)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

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_ZARMZN
Open High Low ZARMZN Price Change
4.42 4.42 4.42 4.42 0.00
Entry Signal

MarketClub’s Trade Triangles for ZARMZN

long term up The long term trend has been UP since Nov 20th, 2018 at 4.335

intermediate term down The intermediate term trend has been DOWN since Feb 19th, 2019 at 4.545

short term down The short term trend has been DOWN since Feb 12th, 2019 at 4.555

Smart Scan Analysis for ZARMZN

Based on a pre-defined weighted trend formula for chart analysis, ZARMZN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for ZARMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.42 4.42 4.42 4.42 0.00
Prev. Close Volume Bid Ask Time
4.42 4.38 4.46 2019-02-20 06:58:54
Want to analyze South African Rand/ ZARMZN or another symbol? Try our Free Forex Trend Analysis Report.