Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

South African Rand/ (FOREX:ZARZMW)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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_ZARZMW
Open High Low ZARZMW Price Change
0.847810 0.848255 0.843810 0.845435 -0.002375
Entry Signal

MarketClub’s Trade Triangles for ZARZMW

long term up The long term trend has been UP since Sep 24th, 2018 at 0.821970

intermediate term down The intermediate term trend has been DOWN since Feb 13th, 2019 at 0.855310

short term up The short term trend has been UP since Mar 18th, 2019 at 0.834185

Smart Scan Analysis for ZARZMW

Based on a pre-defined weighted trend formula for chart analysis, ZARZMW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ZARZMW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.847810 0.848255 0.843810 0.845435 -0.002375
Prev. Close Volume Bid Ask Time
0.847810 0.845140 0.845730 2019-03-22 06:00:25
Want to analyze South African Rand/ ZARZMW or another symbol? Try our Free Forex Trend Analysis Report.