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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

/South African Rand (FOREX:MZNZAR)

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_MZNZAR
Open High Low MZNZAR Price Change
0.27537441 0.27671280 0.27400569 0.27423886 -0.00113600
Entry Signal

MarketClub’s Trade Triangles for MZNZAR

long term down The long term trend has been DOWN since Dec 12th, 2019 at 0.27496500

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 0.27410251

short term up The short term trend has been UP since Jan 20th, 2020 at 0.27624819

Smart Scan Analysis for MZNZAR

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

+60
Smart Scan Analysis for MZNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.27537441 0.27671280 0.27400569 0.27423886 -0.00113600
Prev. Close Volume Bid Ask Time
0.27537441 0.27395450 0.27452322 2020-01-21 23:06:21
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