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Forex Trend Analysis Report

Prepared for you on Thursday, November 21, 2019.

South African Rand/Ugandan Shilling (FOREX:ZARUGX)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_ZARUGX
Open High Low ZARUGX Price Change
251.62697 251.62697 251.62697 251.62697 0.00000
Entry Signal

MarketClub’s Trade Triangles for ZARUGX

long term down The long term trend has been DOWN since May 30th, 2019 at 255.62000

intermediate term down The intermediate term trend has been DOWN since Nov 10th, 2019 at 250.23305

short term up The short term trend has been UP since Nov 14th, 2019 at 248.24040

Smart Scan Analysis for ZARUGX

Based on a pre-defined weighted trend formula for chart analysis, ZARUGX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZARUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
251.62697 251.62697 251.62697 251.62697 0.00000
Prev. Close Volume Bid Ask Time
251.62697 248.85649 254.39744 2019-11-21 20:04:50
Want to analyze South African Rand/Ugandan Shilling ZARUGX or another symbol? Try our Free Forex Trend Analysis Report.