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Forex Trend Analysis Report

Prepared for you on Tuesday, December 18, 2018.

/South African Rand (FOREX:MGAZAR)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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_MGAZAR
Open High Low MGAZAR Price Change
0.004037 0.004039 0.004001 0.004030 -0.000007
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long term trend has been UP since Dec 6th, 2018 at 0.007983

intermediate term up The intermediate term trend has been UP since Dec 6th, 2018 at 0.007741

short term up The short term trend has been UP since Dec 5th, 2018 at 0.003834

Smart Scan Analysis for MGAZAR

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

+100
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004037 0.004039 0.004001 0.004030 -0.000007
Prev. Close Volume Bid Ask Time
0.004037 0.004030 0.004031 2018-12-18 09:49:26
Want to analyze /South African Rand MGAZAR or another symbol? Try our Free Forex Trend Analysis Report.