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Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

South African Rand/Special Drawing Right (FOREX:ZARSDR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_ZARSDR
Open High Low ZARSDR Price Change
0.047494 0.047494 0.047494 0.047494 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARSDR

long term down The long term trend has been DOWN since Aug 11th, 2019 at 0.047931

intermediate term down The intermediate term trend has been DOWN since Jul 28th, 2019 at 0.050960

short term down The short term trend has been DOWN since Jul 25th, 2019 at 0.051960

Smart Scan Analysis for ZARSDR

Based on a pre-defined weighted trend formula for chart analysis, ZARSDR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for ZARSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.047494 0.047494 0.047494 0.047494 0.000000
Prev. Close Volume Bid Ask Time
0.048054 0.047494 0.047494 2019-08-18 20:19:24
Want to analyze South African Rand/Special Drawing Right ZARSDR or another symbol? Try our Free Forex Trend Analysis Report.