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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

/South African Rand (FOREX:MGAZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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_MGAZAR
Open High Low MGAZAR Price Change
0.003929 0.003932 0.003912 0.003924 -0.000005
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 Jul 12th, 2018 at 0.003925

short term down The short term trend has been DOWN since Jul 12th, 2018 at 0.003932

Smart Scan Analysis for MGAZAR

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

-70
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.003929 0.003932 0.003912 0.003924 -0.000005
Prev. Close Volume Bid Ask Time
0.003929 0.003923 0.003925 2018-07-16 04:49:30
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