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Forex Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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_ZARNGN
Open High Low ZARNGN Price Change
23.7515 23.7515 23.7515 23.7515 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long term trend has been UP since Jul 15th, 2019 at 25.9675

intermediate term down The intermediate term trend has been DOWN since Jul 26th, 2019 at 25.2180

short term up The short term trend has been UP since Aug 21st, 2019 at 23.8955

Smart Scan Analysis for ZARNGN

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

+55
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.7515 23.7515 23.7515 23.7515 0.0000
Prev. Close Volume Bid Ask Time
23.7515 23.6830 23.8200 2019-08-25 15:00:45
Want to analyze South African Rand/Nigerian Naira ZARNGN or another symbol? Try our Free Forex Trend Analysis Report.