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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

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.

Open High Low ZARNGN Price Change
25.3555 25.7400 25.2525 25.6755 +0.3200
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long term trend has been DOWN since Mar 27th, 2018 at 26.0765

intermediate term up The intermediate term trend has been UP since Sep 24th, 2018 at 25.4735

short term up The short term trend has been UP since Oct 11th, 2018 at 24.9375

Smart Scan Analysis for ZARNGN

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

Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.3555 25.7400 25.2525 25.6755 +0.3200
Prev. Close Volume Bid Ask Time
25.3555 25.6680 25.6830 2018-10-16 22:42:28
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