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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

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_ZARNGN
Open High Low ZARNGN Price Change
25.4730 25.5075 24.7240 24.7715 -0.7015
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long term trend has been DOWN since Feb 22nd, 2019 at 21.7730

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 25.9375

short term down The short term trend has been DOWN since Mar 22nd, 2019 at 24.7850

Smart Scan Analysis for ZARNGN

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

-100
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.4730 25.5075 24.7240 24.7715 -0.7015
Prev. Close Volume Bid Ask Time
25.4730 24.7330 24.8100 2019-03-22 18:30:33
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.