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Forex Trend Analysis Report

Prepared for you on Sunday, June 17, 2018.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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
26.8390 26.8700 26.7995 26.8470 +0.0080
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 down The intermediate term trend has been DOWN since Mar 27th, 2018 at 29.7455

short term down The short term trend has been DOWN since May 29th, 2018 at 28.7765

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
26.8390 26.8700 26.7995 26.8470 +0.0080
Prev. Close Volume Bid Ask Time
26.8390 26.8170 26.8770 2018-06-17 19:54:32
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