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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2019.

Mauritius Rupee/South African Rand (FOREX:MURZAR)

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_MURZAR
Open High Low MURZAR Price Change
0.402190 0.405835 0.402190 0.405280 +0.003090
Entry Signal

MarketClub’s Trade Triangles for MURZAR

long term down The long term trend has been DOWN since Jun 19th, 2019 at 0.398530

intermediate term down The intermediate term trend has been DOWN since Jun 18th, 2019 at 0.404715

short term up The short term trend has been UP since Jun 24th, 2019 at 0.405235

Smart Scan Analysis for MURZAR

Based on a pre-defined weighted trend formula for chart analysis, MURZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MURZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.402190 0.405835 0.402190 0.405280 +0.003090
Prev. Close Volume Bid Ask Time
0.402190 0.390250 0.420310 2019-06-24 15:59:15
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