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Forex Trend Analysis Report

Prepared for you on Monday, November 18, 2019.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_ZARSEK
Open High Low ZARSEK Price Change
0.65564892 0.65592176 0.64999834 0.65007500 -0.00557400
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long term trend has been DOWN since Aug 12th, 2019 at 0.62329000

intermediate term down The intermediate term trend has been DOWN since Oct 30th, 2019 at 0.64652000

short term up The short term trend has been UP since Nov 14th, 2019 at 0.65606222

Smart Scan Analysis for ZARSEK

Based on a pre-defined weighted trend formula for chart analysis, ZARSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65564892 0.65592176 0.64999834 0.65007500 -0.00557400
Prev. Close Volume Bid Ask Time
0.65564892 0.64979000 0.65036000 2019-11-18 08:35:45
Want to analyze South African Rand/Swedish Krona ZARSEK or another symbol? Try our Free Forex Trend Analysis Report.