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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

/South African Rand (FOREX:MGAZAR)

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_MGAZAR
Open High Low MGAZAR Price Change
0.004165 0.004170 0.004100 0.004120 -0.000045
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term up The long term trend has been UP since Nov 10th, 2015 at 0.004345

intermediate term up The intermediate term trend has been UP since Feb 27th, 2017 at 0.004290

short term down The short term trend has been DOWN since Dec 13th, 2017 at 0.004220

Smart Scan Analysis for MGAZAR

Based on a pre-defined weighted trend formula for chart analysis, MGAZAR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.004165 0.004170 0.004100 0.004120 -0.000045
Prev. Close Volume Bid Ask Time
0.004165 0.004120 0.004120 2017-12-15 09:04:48
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