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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

/South African Rand (FOREX:ZMWZAR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_ZMWZAR
Open High Low ZMWZAR Price Change
1.11590 1.12025 1.11240 1.11810 +0.00220
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term up The long term trend has been UP since Aug 2nd, 2019 at 1.14290

intermediate term down The intermediate term trend has been DOWN since Sep 2nd, 2019 at 1.15005

short term down The short term trend has been DOWN since Sep 18th, 2019 at 1.10580

Smart Scan Analysis for ZMWZAR

Based on a pre-defined weighted trend formula for chart analysis, ZMWZAR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.11590 1.12025 1.11240 1.11810 +0.00220
Prev. Close Volume Bid Ask Time
1.11590 1.11790 1.11830 2019-09-20 06:13:26
Want to analyze /South African Rand ZMWZAR or another symbol? Try our Free Forex Trend Analysis Report.