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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

Swiss Franc/South African Rand (FOREX:CHFZAR)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_CHFZAR
Open High Low CHFZAR Price Change
15.043077 15.178549 14.935062 14.949100 -0.093977
Entry Signal

MarketClub’s Trade Triangles for CHFZAR

long term down The long term trend has been DOWN since Dec 18th, 2019 at 14.572743

intermediate term up The intermediate term trend has been UP since Jan 6th, 2020 at 14.778900

short term up The short term trend has been UP since Jan 27th, 2020 at 14.914096

Smart Scan Analysis for CHFZAR

Based on a pre-defined weighted trend formula for chart analysis, CHFZAR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for CHFZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.043077 15.178549 14.935062 14.949100 -0.093977
Prev. Close Volume Bid Ask Time
15.043077 14.941100 14.957100 2020-01-28 18:54:42
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