Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

/South African Rand (FOREX:MGAZAR)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_MGAZAR
Open High Low MGAZAR Price Change
0.00387287 0.00389366 0.00385682 0.00388386 +0.00001100
Entry Signal

MarketClub’s Trade Triangles for MGAZAR

long term down The long term trend has been DOWN since Dec 19th, 2019 at 0.00387700

intermediate term down The intermediate term trend has been DOWN since Dec 16th, 2019 at 0.00390761

short term down The short term trend has been DOWN since Jan 17th, 2020 at 0.00386331

Smart Scan Analysis for MGAZAR

Based on a pre-defined weighted trend formula for chart analysis, MGAZAR scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for MGAZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00387287 0.00389366 0.00385682 0.00388386 +0.00001100
Prev. Close Volume Bid Ask Time
0.00387287 0.00388323 0.00388450 2020-01-17 14:07:48
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