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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

Russian Ruble/South African Rand (FOREX:RUBZAR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_RUBZAR
Open High Low RUBZAR Price Change
0.208840 0.210145 0.208490 0.210055 +0.001215
Entry Signal

MarketClub’s Trade Triangles for RUBZAR

long term down The long term trend has been DOWN since Dec 2nd, 2018 at 0.204890

intermediate term down The intermediate term trend has been DOWN since Dec 31st, 2018 at 0.206150

short term up The short term trend has been UP since Jan 18th, 2019 at 0.207655

Smart Scan Analysis for RUBZAR

Based on a pre-defined weighted trend formula for chart analysis, RUBZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for RUBZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.208840 0.210145 0.208490 0.210055 +0.001215
Prev. Close Volume Bid Ask Time
0.208840 0.209980 0.210130 2019-01-22 17:44:57
Want to analyze Russian Ruble/South African Rand RUBZAR or another symbol? Try our Free Forex Trend Analysis Report.