Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Thursday, September 19, 2019.

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

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_ZARSDR
Open High Low ZARSDR Price Change
0.049796 0.049796 0.049796 0.049796 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 up The intermediate term trend has been UP since Sep 5th, 2019 at 0.048102

short term down The short term trend has been DOWN since Sep 18th, 2019 at 0.049810

Smart Scan Analysis for ZARSDR

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

-75
Smart Scan Analysis for ZARSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.049796 0.049796 0.049796 0.049796 0.000000
Prev. Close Volume Bid Ask Time
0.049796 0.049796 0.049796 2019-09-18 20:37:18
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