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Forex Trend Analysis Report

Prepared for you on Monday, November 20, 2017.

South African Rand/Swedish Krona (FOREX:ZARSEK)

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_ZARSEK
Open High Low ZARSEK Price Change
0.601270 0.603055 0.598880 0.602225 +0.000955
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long term trend has been DOWN since Apr 4th, 2017 at 0.645455

intermediate term up The intermediate term trend has been UP since Nov 17th, 2017 at 0.602575

short term up The short term trend has been UP since Nov 16th, 2017 at 0.587505

Smart Scan Analysis for ZARSEK

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

+70
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.601270 0.603055 0.598880 0.602225 +0.000955
Prev. Close Volume Bid Ask Time
0.601270 0.601580 0.602870 2017-11-20 06:52:10
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