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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

/South African Rand (FOREX:ZMWZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_ZMWZAR
Open High Low ZMWZAR Price Change
1.23465 1.25315 1.22625 1.24945 +0.01480
Entry Signal

MarketClub’s Trade Triangles for ZMWZAR

long term down The long term trend has been DOWN since Nov 22nd, 2017 at 1.3661

intermediate term down The intermediate term trend has been DOWN since Nov 19th, 2017 at 1.3869

short term down The short term trend has been DOWN since Jan 18th, 2018 at 1.2454

Smart Scan Analysis for ZMWZAR

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

-70
Smart Scan Analysis for ZMWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.23465 1.25315 1.22625 1.24945 +0.01480
Prev. Close Volume Bid Ask Time
1.23465 1.24790 1.25100 2018-01-22 23:01:04
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