Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2019.

South African Rand/Rwandan Franc (FOREX:ZARRWF)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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_ZARRWF
Open High Low ZARRWF Price Change
61.869 61.869 61.869 61.869 0.000
Entry Signal

MarketClub’s Trade Triangles for ZARRWF

long term down The long term trend has been DOWN since May 28th, 2019 at 62.1365

intermediate term down The intermediate term trend has been DOWN since May 28th, 2019 at 62.8060

short term up The short term trend has been UP since Jun 13th, 2019 at 60.4295

Smart Scan Analysis for ZARRWF

Based on a pre-defined weighted trend formula for chart analysis, ZARRWF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for ZARRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.869 61.869 61.869 61.869 0.000
Prev. Close Volume Bid Ask Time
61.869 60.964 62.774 2019-06-17 04:07:17
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