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Forex Trend Analysis Report

Prepared for you on Tuesday, January 23, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_ZARNGN
Open High Low ZARNGN Price Change
29.8225 29.8260 29.8115 29.8170 -0.0055
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long term trend has been UP since Aug 8th, 2017 at 27.7295

intermediate term up The intermediate term trend has been UP since Dec 4th, 2017 at 26.5185

short term up The short term trend has been UP since Jan 15th, 2018 at 29.1675

Smart Scan Analysis for ZARNGN

Based on a pre-defined weighted trend formula for chart analysis, ZARNGN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
29.8225 29.8260 29.8115 29.8170 -0.0055
Prev. Close Volume Bid Ask Time
29.8225 29.7800 29.8540 2018-01-23 01:13:25
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