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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

South African Rand/British Pound (FOREX:ZARGBP)

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_ZARGBP
Open High Low ZARGBP Price Change
0.055045 0.055790 0.054760 0.055630 +0.000585
Entry Signal

MarketClub’s Trade Triangles for ZARGBP

long term down The long term trend has been DOWN since Apr 9th, 2018 at 0.058465

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 0.053551

short term up The short term trend has been UP since Nov 15th, 2018 at 0.054185

Smart Scan Analysis for ZARGBP

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

+70
Smart Scan Analysis for ZARGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.055045 0.055790 0.054760 0.055630 +0.000585
Prev. Close Volume Bid Ask Time
0.055045 0.055610 0.055650 2018-11-16 15:00:20
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