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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

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_MURZAR
Open High Low MURZAR Price Change
0.416355 0.417490 0.414445 0.414810 -0.001545
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term up The long term trend has been UP since Jun 6th, 2018 at 0.373800

intermediate term down The intermediate term trend has been DOWN since Sep 24th, 2018 at 0.416215

short term down The short term trend has been DOWN since Oct 9th, 2018 at 0.427265

Smart Scan Analysis for MURZAR

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

-70
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.416355 0.417490 0.414445 0.414810 -0.001545
Prev. Close Volume Bid Ask Time
0.416355 0.399150 0.430470 2018-10-23 10:51:47
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