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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

Euro/South African Rand (FOREX:EURZAR)

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_EURZAR
Open High Low EURZAR Price Change
17.367000 17.377215 17.078400 17.132465 -0.234535
Entry Signal

MarketClub’s Trade Triangles for EURZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 15.16760

intermediate term up The intermediate term trend has been UP since Aug 10th, 2018 at 15.87905

short term down The short term trend has been DOWN since Sep 19th, 2018 at 17.31395

Smart Scan Analysis for EURZAR

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

+65
Smart Scan Analysis for EURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.367000 17.377215 17.078400 17.132465 -0.234535
Prev. Close Volume Bid Ask Time
17.367000 17.126990 17.137940 2018-09-19 14:46:51
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