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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2019.

South African Rand/US Dollar (FOREX:ZARUSD)

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_ZARUSD
Open High Low ZARUSD Price Change
0.069330 0.069710 0.069300 0.069576 +0.000246
Entry Signal

MarketClub’s Trade Triangles for ZARUSD

long term down The long term trend has been DOWN since Mar 28th, 2019 at 0.068064

intermediate term down The intermediate term trend has been DOWN since Apr 25th, 2019 at 0.068978

short term down The short term trend has been DOWN since May 17th, 2019 at 0.069750

Smart Scan Analysis for ZARUSD

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

-90
Smart Scan Analysis for ZARUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.069330 0.069710 0.069300 0.069576 +0.000246
Prev. Close Volume Bid Ask Time
0.069330 0.069504 0.069649 2019-05-20 12:53:13
Want to analyze South African Rand/US Dollar ZARUSD or another symbol? Try our Free Forex Trend Analysis Report.