Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2020.

South African Rand/US Dollar (FOREX:ZARUSD)

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_ZARUSD
Open High Low ZARUSD Price Change
0.06938285 0.06966750 0.06899811 0.06909159 -0.00029100
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term up The long term trend has been UP since Dec 12th, 2019 at 0.06895000

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.06920488

short term up The short term trend has been UP since Jan 17th, 2020 at 0.06963280

Smart Scan Analysis for ZARUSD

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

-55
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.06938285 0.06966750 0.06899811 0.06909159 -0.00029100
Prev. Close Volume Bid Ask Time
0.06938285 0.06904385 0.06913932 2020-01-17 17:14:30
Get a free daily report for South African Rand/US Dollar (ZARUSD) - Free Trend Analysis Report.