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Forex Trend Analysis Report

Prepared for you on Wednesday, September 26, 2018.

/South African Rand (FOREX:MGAZAR)

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_MGAZAR
Open High Low MGAZAR Price Change
0.004202 0.004214 0.004185 0.004189 -0.000013
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long term trend has been UP since May 1st, 2018 at 0.003895

intermediate term down The intermediate term trend has been DOWN since Sep 20th, 2018 at 0.004208

short term down The short term trend has been DOWN since Sep 10th, 2018 at 0.004435

Smart Scan Analysis for MGAZAR

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

-60
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004202 0.004214 0.004185 0.004189 -0.000013
Prev. Close Volume Bid Ask Time
0.004202 0.004188 0.004190 2018-09-26 08:24:38
Want to analyze /South African Rand MGAZAR or another symbol? Try our Free Forex Trend Analysis Report.