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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 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
24.9770 24.9870 24.9415 24.9515 -0.0255
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 Apr 24th, 2019 at 25.0515

short term down The short term trend has been DOWN since May 23rd, 2019 at 24.8395

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
24.9770 24.9870 24.9415 24.9515 -0.0255
Prev. Close Volume Bid Ask Time
24.9770 24.9350 24.9680 2019-05-26 18:00:58
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.