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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Qatari Rial/South African Rand (FOREX:QARZAR)

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_QARZAR
Open High Low QARZAR Price Change
3.9947762 4.0116827 3.9746717 3.9807815 -0.0139950
Entry Signal

MarketClub’s Trade Triangles for QARZAR

long term down The long term trend has been DOWN since Dec 13th, 2019 at 3.9668297

intermediate term up The intermediate term trend has been UP since Jan 13th, 2020 at 3.9603190

short term up The short term trend has been UP since Jan 20th, 2020 at 3.9733373

Smart Scan Analysis for QARZAR

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

+60
Smart Scan Analysis for QARZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.9947762 4.0116827 3.9746717 3.9807815 -0.0139950
Prev. Close Volume Bid Ask Time
3.9947762 3.9794881 3.9820749 2020-01-21 09:03:59
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