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Forex Trend Analysis Report

Prepared for you on Tuesday, December 18, 2018.

/South African Rand (FOREX:GHSZAR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_GHSZAR
Open High Low GHSZAR Price Change
2.97195 2.97195 2.97195 2.97195 0.00000
Entry Signal

MarketClub’s Trade Triangles for GHSZAR

long term down The long term trend has been DOWN since Nov 29th, 2018 at 2.77865

intermediate term up The intermediate term trend has been UP since Dec 11th, 2018 at 2.93480

short term up The short term trend has been UP since Dec 3rd, 2018 at 2.81755

Smart Scan Analysis for GHSZAR

Based on a pre-defined weighted trend formula for chart analysis, GHSZAR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for GHSZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.97195 2.97195 2.97195 2.97195 0.00000
Prev. Close Volume Bid Ask Time
2.97195 2.95840 2.98550 2018-12-16 20:53:52
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