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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

South African Rand/Romanian Leu (FOREX:ZARRON)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZARRON
Open High Low ZARRON Price Change
0.297935 0.298220 0.295245 0.295440 -0.002495
Entry Signal

MarketClub’s Trade Triangles for ZARRON

long term up The long term trend has been UP since Dec 3rd, 2018 at 0.300585

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2019 at 0.293530

short term down The short term trend has been DOWN since May 17th, 2019 at 0.295750

Smart Scan Analysis for ZARRON

Based on a pre-defined weighted trend formula for chart analysis, ZARRON scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZARRON
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.297935 0.298220 0.295245 0.295440 -0.002495
Prev. Close Volume Bid Ask Time
0.295465 0.295090 0.295790 2019-05-17 17:35:40
Want to analyze South African Rand/Romanian Leu ZARRON or another symbol? Try our Free Forex Trend Analysis Report.